Strs Ohio Cuts Stock Holdings in AT&T Inc. $T

Key Points

• Strs Ohio trimmed its stake in AT&T by 6.5% in Q4, selling 134,470 shares and retaining 1,945,175 shares valued at about $48.32 million.
• AT&T beat Q1 expectations with $0.57 EPS versus $0.55 expected and $31.51 billion in revenue (up 2.9% YoY), set FY2026 guidance of $2.25–$2.35 EPS, and paid a quarterly dividend of $0.2775 (annualized yield ~4.2%).
• Analysts remain broadly constructive—MarketBeat shows a $30.55 average price target and a "Moderate Buy" consensus—while institutional investors own about 57.1% of the stock.

Strs Ohio trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,945,175 shares of the technology company's stock after selling 134,470 shares during the quarter. Strs Ohio's holdings in AT&T were worth $48,318,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its holdings in AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company's stock worth $25,000 after acquiring an additional 702 shares in the last quarter. GGM Financials LLC purchased a new stake in AT&T in the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the 4th quarter worth $25,000. OFI Invest Asset Management increased its holdings in AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company's stock worth $27,000 after acquiring an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in AT&T in the 4th quarter worth $29,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Erste Group raised its FY2027 EPS estimate modestly (to $2.56), suggesting improving analyst models for AT&T's profitability and helping the valuation story and dividend coverage. (Research note reported April 27)
• Positive Sentiment: Broker consensus target remains above the stock: a $30.70 consensus target was reported, which supports upside vs. the current trading range and may anchor buy-side interest. Article Title
• Positive Sentiment: AT&T launched new cybersecurity (Dynamic Defense for SMBs on AT&T Business Fiber) and public-safety offerings (RapidSOS HARMONY AI on AT&T ESInet), expanding higher-margin services beyond wireless/fiber and reinforcing enterprise revenue diversification. That strategic push can support revenue mix improvements over time. Article Title
• Positive Sentiment: Zacks argues AT&T is a strong value stock based on style scores and earnings yield — a narrative that can attract value-oriented investors given AT&T’s dividend yield and low PE. Article Title
• Neutral Sentiment: Yield comparison pieces highlight income appeal (AT&T ~4.3% vs. Verizon ~6%) — useful for income investors but not a catalyst by itself; emphasis is on relative income vs. longer-term total return. Article Title
• Neutral Sentiment: Several market/sector pieces (SpaceX/chip supplier roundup, and an unrelated Lumen preview) mention broader thematic moves that don’t directly affect AT&T’s fundamentals today but shape investor risk appetite across telecom and tech. Article Title Article Title
• Negative Sentiment: Jim Cramer publicly characterized AT&T as offering income but lacking growth, a high-profile critique that can reinforce sell-side skepticism among retail investors and pressure the stock multiple. Article Title
• Negative Sentiment: Analytical pieces flag structural threats AT&T may have missed, raising concerns about competitive pressures and long-term growth headwinds — these narratives can weigh on investor confidence and valuation if they gain traction. Article Title

AT&T Trading Up 0.1%

Shares of T stock opened at $26.15 on Friday. The company's 50-day moving average price is $27.52 and its 200-day moving average price is $26.05. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a market cap of $181.70 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.96 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to analysts' expectations of $31.29 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. AT&T's revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. AT&T's dividend payout ratio is presently 37.25%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Williams Trading set a $32.00 price target on shares of AT&T in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $31.00 target price on shares of AT&T in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer lifted their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 11th. Finally, UBS Group reaffirmed a "buy" rating on shares of AT&T in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average price target of $30.55.

About AT&T

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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