AT&T Inc. $T Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 316,461 shares of the technology company’s stock after acquiring an additional 44,395 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in AT&T were worth $9,174,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of T. IFM Investors Pty Ltd grew its stake 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 valued at $43,142,000 after acquiring an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in AT&T during the first quarter worth about $2,901,000. Annex Advisory Services LLC lifted its holdings 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 valued at $3,964,000 after purchasing an additional 140,802 shares in the last quarter. World Investment Advisors lifted its holdings 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 valued at $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Finally, Cerity Partners LLC grew 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 valued at $41,449,000 after purchasing an additional 59,279 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Summary

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

• Neutral Sentiment: AT&T remains a focus for traders, with recent articles questioning whether the stock is attractive after the latest pullback. Is Trending Stock AT&T Inc. (T) a Buy Now?
• Positive Sentiment: AT&T is testing advanced 5G drone-sensing technology with Ericsson, highlighting potential future uses in security, monitoring, and 6G-related network services. AT&T (T) Tests 5G Drone Sensing That Points Toward Future 6G Uses
• Positive Sentiment: AT&T’s H2O AI Super Agent rollout suggests the company is expanding automation and AI tools across customer service, fraud prevention, and operations, which could improve efficiency over time. H2O AI Super Agent™ is Added by AT&T to Power Enterprise Agentic AI
• Positive Sentiment: AT&T is offering free international calls on key World Cup match days, a customer-friendly promotion that may support engagement and brand loyalty. AT&T to Offer Free Calls to Countries Playing in Soccer’s Biggest Matches
• Neutral Sentiment: AT&T is discontinuing new copper landline orders in California, underscoring the gradual decline of legacy wireline services and the company’s ongoing transition away from older infrastructure. 150 YEARS AFTER BELL PATENTED THE TELEPHONE, AT&T TO DISCONTINUE LANDLINE ACCESS IN CALIFORNIA
• Negative Sentiment: AT&T phone bills will rise in early August due to a higher monthly fee, which could irritate customers and add churn risk if the increase is material. AT&T phone bills are going up. See why, and by how much
• Negative Sentiment: Market commentary has turned more cautious on telecom stocks after Bernstein cited Starlink as a growing competitive threat and cut price targets for AT&T and peers, adding to sector pressure. SpaceX’s Starlink threat causes Bernstein to cut Verizon, AT&T, Comcast PTs

AT&T Price Performance

AT&T stock opened at $21.30 on Wednesday. The stock has a market capitalization of $147.99 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.88 and a beta of 0.24. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The firm’s 50-day moving average is $23.19 and its two-hundred day moving average is $25.36.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analyst estimates 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 was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.2%. AT&T’s payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on T. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Citigroup increased their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. KeyCorp raised their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Wells Fargo & Company started coverage on AT&T in a report on Wednesday, July 8th. They issued an “underweight” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $29.43.

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.