US Bancorp DE Has $48.22 Million Stake in AT&T Inc. $T

Key Points

• US Bancorp DE trimmed its stake in AT&T by 5.5% in Q4, selling 112,964 shares and now holds 1,941,279 shares valued at $48.22 million.
• AT&T beat quarterly expectations with EPS of $0.57 vs. $0.55 consensus and revenue of $31.51 billion (up 2.9% YoY), and set FY2026 guidance of $2.25–$2.35 in EPS (consensus ~2.31).
• AT&T declared a quarterly dividend of $0.2775 ($1.11 annualized), a ~4.2% yield, with an ex‑dividend date of April 10 and payment on May 1.

US Bancorp DE trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,941,279 shares of the technology company's stock after selling 112,964 shares during the period. US Bancorp DE's holdings in AT&T were worth $48,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. grew its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company's stock valued at $25,000 after acquiring an additional 702 shares during the period. GGM Financials LLC acquired a new position in shares of AT&T during the third quarter worth about $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter worth about $25,000. OFI Invest Asset Management boosted its position in shares of AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company's stock worth $27,000 after buying an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth about $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

T opened at $26.18 on Friday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The firm has a market capitalization of $181.87 billion, a PE ratio of 8.78, a PEG ratio of 0.95 and a beta of 0.34. 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 business's 50-day simple moving average is $27.52 and its 200 day simple moving average is $26.05.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, April 10th. AT&T's dividend payout ratio is presently 37.25%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Product/service expansion — AT&T launched Dynamic Defense cybersecurity for SMBs on AT&T Business Fiber and added RapidSOS HARMONY AI support on AT&T ESInet, positioning the company to sell higher‑margin, network-based security and public‑safety services beyond connectivity. This helps the growth outlook and cross‑sell potential to business customers. Article Link
• Positive Sentiment: Analyst upgrades — Erste Group nudged up its EPS forecasts (FY2026 to ~$2.31 and FY2027 to ~$2.56), showing modest analyst confidence in AT&T’s near‑term earnings power. Upward estimate revisions tend to support the stock and reduce haircut risk on valuation. Analyst Note
• Neutral Sentiment: Brand/SMB marketing push — AT&T opened submissions for its 2026 Small Business Contest (one $50k prize) to deepen small‑business relationships; useful for marketing and customer acquisition but unlikely to move near‑term revenue materially. Article Link
• Neutral Sentiment: Income stock narratives persist — Recent pieces comparing AT&T’s dividend yield to Verizon and historical dividend performance keep income investors focused on yield vs. growth tradeoffs; these stories can attract buyers but also reinforce valuation sensitivity. Fool Article Barchart Article
• Neutral Sentiment: Prepaid/network coverage pieces — Coverage of AT&T’s prepaid plans and mobile services is informational and may support subscriber sentiment but is unlikely to drive a material re‑rating on its own. Article Link
• Negative Sentiment: Valuation/performance caution — Coverage notes that AT&T shares “lag targets” despite new offerings, reflecting lingering investor concern about growth trajectory and how quickly new services will translate into meaningful EBITDA or margin expansion; that skepticism can cap upside until revenues and margins visibly improve. Article Link

Wall Street Analyst Weigh In

T has been the subject of several recent research reports. Sanford C. Bernstein reduced their price objective on AT&T from $31.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, January 16th. Wells Fargo & Company reduced their price objective on AT&T from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, January 26th. TD Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, January 29th. Arete Research raised AT&T from a "sell" rating to a "neutral" rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Finally, Citigroup upped their price objective on AT&T from $29.00 to $31.50 and gave the stock a "buy" rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to 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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