Martingale Asset Management L P Lowers Stake in AT&T Inc. $T

Martingale Asset Management L P lessened its position in shares of AT&T Inc. (NYSE:T) by 7.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,482,150 shares of the technology company’s stock after selling 126,723 shares during the quarter. AT&T accounts for 1.1% of Martingale Asset Management L P’s holdings, making the stock its 9th largest holding. Martingale Asset Management L P’s holdings in AT&T were worth $41,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in AT&T in the 2nd quarter valued at about $2,228,655,000. Vanguard Group Inc. boosted its position in AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. Marshall Wace LLP bought a new position in AT&T during the second quarter worth about $235,422,000. State Street Corp increased its stake in shares of AT&T by 2.4% in the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after purchasing an additional 7,404,376 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of AT&T by 8.6% in the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.7%

Shares of AT&T stock opened at $27.34 on Friday. The company’s 50-day moving average price is $26.25 and its 200-day moving average price is $26.33. 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 Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a market cap of $191.40 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.01 and a beta of 0.39.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 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 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Oppenheimer upped their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Barclays lowered their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Finally, Citigroup cut their price target on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.35.

More AT&T News

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

• Positive Sentiment: Oppenheimer upgraded AT&T and raised its price target to $32, citing stronger fundamentals and upside from the network plan; this analyst endorsement supports bullish interest. Oppenheimer Issues Positive Forecast for AT&T
• Positive Sentiment: Scotiabank raised its price target to $31, adding institutional support to the view that AT&T’s strategy (fiber + 5G) can re-rate the stock. Scotiabank Boosts AT&T Price Target
• Positive Sentiment: Arete Research upgraded T to Neutral (from Sell) and set a $28 target after modeling benefits from the copper switch‑off, implying margin and cost improvements. Arete Upgrades AT&T
• Positive Sentiment: AT&T reiterated an aggressive network expansion plan (aiming at far larger fiber footprint and a multi‑year $250B+ U.S. commitment), which analysts and suppliers (e.g., Corning) view as demand positive for fiber and 5G rollout. AT&T’s US$250b Network Plan
• Neutral Sentiment: AT&T completed a CAD‑denominated long‑term debt offering (CAD$1.25B of 4.500% notes), a routine funding move that lengthens maturity profile but increases liabilities in the near term. AT&T Completes CAD Debt Offering
• Neutral Sentiment: AT&T announced local community investments (e.g., a Connected Learning Center grant) that are PR‑positive but immaterial to financials. Connected Learning Center Award
• Neutral Sentiment: Industry moves (Lumen’s pivot and fiber deals) highlight growing demand for long‑haul and metro fiber; this underscores structural tailwinds for AT&T’s fiber strategy but is an indirect dynamic. Lumen Turnaround and Fiber Deals
• Negative Sentiment: Some bearish commentary (e.g., Seeking Alpha “Sell the Rip”) warns that the recent run and headline investments could prompt near‑term profit taking and that valuation risk remains if execution slips. Sell The Rip
• Negative Sentiment: Press pieces noting the stock’s recent dip highlight investor concerns about funding the $250B plan, rising near‑term capex, and execution/hiring costs—factors that could pressure margins if not managed. Why AT&T Dipped

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.