AIA Group Ltd Sells 125,498 Shares of AT&T Inc. $T

AIA Group Ltd cut its stake in shares of AT&T Inc. (NYSE:T) by 20.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 491,669 shares of the technology company’s stock after selling 125,498 shares during the quarter. AIA Group Ltd’s holdings in AT&T were worth $14,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd increased its holdings in AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in AT&T during the first quarter valued at approximately $2,901,000. World Investment Advisors boosted its position in shares of AT&T by 85.0% in the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the period. Annex Advisory Services LLC boosted its position in shares of AT&T by 749.1% in the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 0.9%

Shares of T opened at $21.79 on Friday. The firm has a market cap of $151.38 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a 50 day simple moving average of $22.98 and a two-hundred day simple moving average of $25.30.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts expect that AT&T Inc. will post 2.32 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio is 37.25%.

Analyst Ratings Changes

Several analysts have recently commented on T shares. Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Finally, Morgan Stanley decreased their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.34.

Key Stories Impacting AT&T

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

AT&T Company Profile

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.