Waverly Advisors LLC Has $22.93 Million Stock Position in AT&T Inc. $T

Key Points

• Waverly Advisors increased its AT&T stake by 157.1% in the second quarter, owning 1.11 million shares valued at approximately $22.93 million. Institutional investors collectively hold 57.1% of AT&T’s outstanding stock.
• AT&T reported quarterly earnings of $0.65 per share, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company pays a quarterly dividend of $0.2775, representing a 4.3% annualized yield.
• Analysts maintain a generally positive outlook, with AT&T receiving a consensus “Moderate Buy” rating and an average price target of $29.19 versus its reported share price of $25.61.

Waverly Advisors LLC grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 157.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,107,515 shares of the technology company's stock after purchasing an additional 676,783 shares during the period. Waverly Advisors LLC's holdings in AT&T were worth $22,926,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in T. State Street Corp grew its position in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of AT&T by 1,920.3% in the 2nd quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company's stock worth $4,577,325,000 after buying an additional 210,181,579 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock worth $3,629,307,000 after buying an additional 5,449,222 shares during the last quarter. Norges Bank bought a new position in AT&T in the 4th quarter valued at $2,181,977,000. Finally, Bank of New York Mellon Corp grew its position in AT&T by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock valued at $1,559,198,000 after buying an additional 2,559,065 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Down 0.3%

Shares of NYSE T opened at $25.61 on Wednesday. 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 Inc. has a one year low of $19.89 and a one year high of $29.79. The firm's 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $25.10. The stock has a market capitalization of $175.49 billion, a P/E ratio of 8.48, a PEG ratio of 1.27 and a beta of 0.25.

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

AT&T Dividend Announcement

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

More AT&T News

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

• Positive Sentiment: CEO John Stankey will participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. AT&T reiterated its second-quarter 2026 financial outlook and capital-allocation plan, while highlighting its fiber and 5G investments as competitive advantages. Investors may look for additional commentary on growth, wireless performance, debt reduction and shareholder returns. John Stankey to Update Shareholders at Goldman Sachs Communacopia + Technology Conference on September 9
• Positive Sentiment: AT&T expanded its smartphone lineup with the Samsung Galaxy S26 FE and is emphasizing flexible pricing, upgrade options and customer benefits. The offering could support customer satisfaction, device sales and wireless retention, although the financial impact is not yet quantified. Can AT&T's Latest Smartphone Offers Boost Customer Satisfaction?
• Neutral Sentiment: AT&T provided technical support for Dallas’ Republican midterm convention. The announcement demonstrates the company’s role as a connectivity provider but is unlikely to materially affect revenue or valuation. AT&T provides technical support to Dallas’ Republican midterm convention
• Neutral Sentiment: Recent internet disruptions affecting customers in parts of Texas and Louisiana were reportedly resolved, and AT&T said its network was operating normally. A short-lived outage limits the financial impact, but repeated incidents could hurt customer satisfaction and increase churn concerns. AT&T internet operating normally after outages affected thousands of D-FW customers Monday
• Negative Sentiment: VoIP-Pal filed a third amended federal antitrust complaint against AT&T, Verizon and T-Mobile. The streamlined case adds legal and regulatory uncertainty, although the filing itself does not establish liability or indicate a financial penalty. VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on T. TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. Barclays decreased their target price on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Morgan Stanley increased their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Sanford C. Bernstein reissued an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Finally, The Goldman Sachs Group set a $30.00 target price on AT&T in a research report on Wednesday, July 22nd. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

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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