Quantitative Investment Management LLC Purchases Shares of 334,257 AT&T Inc. $T

Key Points

• Quantitative Investment Management purchased 334,257 AT&T shares worth approximately $6.9 million, while other institutions also increased positions. Institutional investors now own 57.1% of the company.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, although revenue of $31.56 billion fell slightly short of expectations. The company’s stock opened at $26.03, with analysts holding a consensus “Moderate Buy” rating and a $29.19 price target.
• AT&T maintains a quarterly dividend of $0.2775 per share, equivalent to $1.11 annually and a 4.3% yield. Analysts expect fiscal-year EPS of about $2.34, compared with the company’s guidance range of $2.25–$2.35.

Quantitative Investment Management LLC purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 334,257 shares of the technology company's stock, valued at approximately $6,919,000. AT&T accounts for 0.8% of Quantitative Investment Management LLC's investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in shares of AT&T during the 2nd quarter valued at $4,537,000. Benjamin Edwards Inc. raised its stake in AT&T by 21.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 88,747 shares of the technology company's stock valued at $1,837,000 after purchasing an additional 15,571 shares during the period. GTS Securities LLC raised its stake in AT&T by 11.2% during the 2nd quarter. GTS Securities LLC now owns 21,862 shares of the technology company's stock valued at $453,000 after purchasing an additional 2,201 shares during the period. Nichols & Pratt Advisers LLP MA lifted its holdings in AT&T by 15.1% in the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 25,179 shares of the technology company's stock worth $521,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in AT&T by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,016,347 shares of the technology company's stock worth $21,038,000 after purchasing an additional 11,294 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.1%

Shares of T opened at $26.03 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $178.37 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.06 and a beta of 0.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The business's 50 day simple moving average is $23.15 and its 200-day simple moving average is $25.22.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is presently 36.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Scotiabank cut their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Sanford C. Bernstein restated an "outperform" rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Morgan Stanley lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s operating margin reportedly reached a multi-year high as the company winds down its copper network. Lower legacy-network costs and operating leverage could improve profitability and support cash generation. AT&T Stock's Margin Hit A Multi-Year Best As Its Copper Network Winds Down
• Positive Sentiment: Recent bullish investment analysis argues that AT&T’s turnaround has further upside, citing its discounted valuation, robust cash flows, fiber expansion, and growth in its Advanced Connectivity segment. Management’s target for 2026 EBITDA growth of 3%–4%, accelerating to more than 5% annually from 2028, strengthens the long-term case. AT&T Doesn't Need Heroic Results To Offer Heroic Upside
• Positive Sentiment: AT&T’s investment and partnership with Hark could position its network as an infrastructure provider for AI-native, always-connected consumer devices. The opportunity is early-stage but offers potential exposure to new connectivity demand beyond smartphones. Investors Reacting to AT&T Backing Hark’s AI-Native Device Ecosystem
• Neutral Sentiment: AT&T, T-Mobile, and Verizon are described as overcoming a shared competitive or regulatory challenge involving satellite-based connectivity. The development may ease concerns about satellite disruption, but the article provides limited detail on its direct financial impact. AT&T, T-Mobile, and Verizon Defeat a Common Foe
• Neutral Sentiment: AT&T will release third-quarter 2026 results before the market opens on October 21 and hold a conference call afterward. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess subscriber trends, fiber growth, margins, and guidance. AT&T to Release Third-Quarter 2026 Earnings on Oct. 21
• Neutral Sentiment: AT&T is promoting free Turbo Live access at select football season openers and selling season passes. The campaign could support brand engagement and customer acquisition, but its immediate financial contribution is likely limited. AT&T Kicks Off Football Season with Free Turbo Live

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source