AT&T Inc. $T Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in AT&T Inc. (NYSE:T) by 44.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,503,744 shares of the technology company’s stock after selling 4,435,263 shares during the period. Mackenzie Financial Corp owned 0.08% of AT&T worth $155,426,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of AT&T in the 2nd quarter worth approximately $2,228,655,000. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after acquiring an additional 10,310,560 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of AT&T during the second quarter valued at approximately $235,422,000. State Street Corp increased its stake in shares of AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after acquiring an additional 7,404,376 shares during the period. Finally, Invesco Ltd. raised its holdings in AT&T by 9.2% during the second quarter. Invesco Ltd. now owns 53,239,046 shares of the technology company’s stock worth $1,540,738,000 after purchasing an additional 4,498,583 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on T. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 target price on shares of AT&T in a research report on Thursday, January 29th. Sanford C. Bernstein dropped their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Morgan Stanley cut their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Wells Fargo & Company decreased their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Finally, TD Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.35.

AT&T Price Performance

T stock opened at $27.13 on Thursday. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The firm has a 50-day moving average of $26.20 and a two-hundred day moving average of $26.32. The firm has a market capitalization of $189.91 billion, a PE ratio of 8.89, a P/E/G ratio of 1.03 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same period last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Large, strategic capex commitment could drive long‑term revenue and market share gains (fiber, 5G, rural satellite, resilience, security, workforce). AT&T Announces $250 Billion Commitment
• Positive Sentiment: Recent analyst upgrades and higher price targets reflect buy‑side confidence in the plan and near‑term momentum: Oppenheimer raised its target to $32 (outperform) and Scotiabank boosted its target to $31; Arete moved the stock from sell to neutral ($28 target).
• Positive Sentiment: Operational momentum: AT&T recently beat quarterly EPS estimates and set FY2026 guidance of $2.25–$2.35, supporting the thesis that underlying cash flow can help fund investment. (Company earnings release)
• Neutral Sentiment: Suppliers and partners (e.g., fiber and glass makers) stand to gain from AT&T’s buildout, which may help execution but also signals heavy vendor demand and longer supply chains. Corning reaction
• Neutral Sentiment: Media coverage outlines hiring, workforce training and public‑sector work as part of the plan — positives for execution but with uncertain near‑term cost timing. Yahoo: What $250B Could Mean
• Negative Sentiment: Near‑term investor concern about the scale and timing of $250B capex—worries over cash flow, balance‑sheet flexibility and execution—helped push the stock lower today. Zacks: Why AT&T dipped
• Negative Sentiment: Short‑term bearish commentary urging profit taking after the rally (e.g., “Sell the Rip” pieces) amplifies downside pressure for traders looking to lock in gains. Seeking Alpha: Sell The Rip

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.