Rakuten Investment Management Inc. Takes Position in AT&T Inc. $T

Rakuten Investment Management Inc. acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,138,421 shares of the technology company's stock, valued at approximately $24,840,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 4th quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $26,000. Winnow Wealth LLC increased its stake in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of AT&T in the second quarter worth $26,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 2.4%

Shares of AT&T stock opened at $26.03 on Friday. The stock has a market capitalization of $178.37 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.03 and a beta of 0.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The business's 50 day simple moving average is $23.15 and its 200-day simple moving average is $25.23.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on T shares. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note on Thursday, July 23rd. TD Cowen increased their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $29.19.

Key Stories Impacting AT&T

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 Company 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.

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