Truist Financial Corp Boosts Position in AT&T Inc. $T

Key Points

• Truist Financial increased its AT&T stake by 3.0% in Q4, buying 163,766 shares to hold 5,694,478 shares worth about $141.45 million (0.08% of the company).
• AT&T beat Q1 estimates with $0.57 EPS (vs. $0.55) and $31.51B revenue, and set FY2026 guidance of $2.25–$2.35 EPS (analysts' consensus ≈2.31).
• Income and sentiment: AT&T paid a quarterly dividend of $0.2775 ($1.11 annual, ~4.2% yield) and carries a "Moderate Buy" analyst consensus with a $30.55 average target.

Truist Financial Corp increased its stake in AT&T Inc. (NYSE:T - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,694,478 shares of the technology company's stock after buying an additional 163,766 shares during the period. Truist Financial Corp owned 0.08% of AT&T worth $141,451,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gentry Private Wealth LLC increased its stake in AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company's stock worth $665,000 after buying an additional 393 shares during the period. Thoroughbred Financial Services LLC increased its stake in AT&T by 2.8% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company's stock worth $419,000 after buying an additional 406 shares during the period. Arkfeld Wealth Strategies L.L.C. increased its stake in AT&T by 1.6% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company's stock worth $700,000 after buying an additional 415 shares during the period. Kercheville Advisors LLC increased its stake in AT&T by 1.5% in the 3rd quarter. Kercheville Advisors LLC now owns 27,318 shares of the technology company's stock worth $771,000 after buying an additional 416 shares during the period. Finally, Fortis Group Advisors LLC increased its stake in AT&T by 0.6% in the 3rd quarter. Fortis Group Advisors LLC now owns 75,396 shares of the technology company's stock worth $2,129,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.1%

NYSE T opened at $26.15 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The company has a market capitalization of $181.70 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. The company's 50-day simple moving average is $27.52 and its two-hundred day simple moving average is $26.05. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79.

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. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. 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 (DPR) is 37.25%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, January 26th. Arete Research raised shares of AT&T from a "sell" rating to a "neutral" rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a "buy" rating in a research note on Monday, March 23rd. Williams Trading set a $32.00 price target on shares of AT&T in a research note on Thursday, January 29th. Finally, Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.55.

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

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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