State Street Corp Has $6.92 Billion Position in AT&T Inc. $T

Key Points

• State Street increased its AT&T stake by 5.8% in the second quarter, acquiring 18.5 million additional shares. Its 334.3 million shares were worth approximately $6.92 billion, representing a 4.88% ownership position.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion. The company maintained 2026 EPS guidance of $2.25–$2.35.
• Shares recently traded at $25.15, down 1.2%, while AT&T continued paying a quarterly dividend of $0.2775, equivalent to a 4.4% annualized yield. Analysts’ consensus rating remained “Moderate Buy”, with an average price target of $29.20.

State Street Corp increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,273,613 shares of the technology company's stock after purchasing an additional 18,468,679 shares during the period. State Street Corp owned approximately 4.88% of AT&T worth $6,919,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lifestyle Asset Management Inc. grew its position in AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock valued at $261,000 after acquiring an additional 368 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of AT&T by 1.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock valued at $794,000 after purchasing an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 374 shares in the last quarter. Rockline Wealth Management LLC grew its holdings in shares of AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock worth $259,000 after purchasing an additional 378 shares during the last quarter. Finally, Camden National Bank grew its holdings in shares of AT&T by 1.5% in the 4th quarter. Camden National Bank now owns 26,191 shares of the technology company's stock worth $651,000 after purchasing an additional 382 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 1.2%

Shares of NYSE T traded down $0.30 during midday trading on Tuesday, hitting $25.15. The stock had a trading volume of 14,590,465 shares, compared to its average volume of 48,766,477. The company's 50-day simple moving average is $24.55 and its 200 day simple moving average is $24.95. The firm has a market cap of $172.35 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.25. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T's dividend payout ratio (DPR) is presently 36.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on T shares. Scotiabank cut their price target 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. TD Cowen upped their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Wells Fargo & Company boosted their target price on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, July 23rd. Finally, Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $29.20.

About AT&T

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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