Field & Main Bank Purchases Shares of 23,706 AT&T Inc. $T

Field & Main Bank purchased a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, HoldingsChannel reports. The fund purchased 23,706 shares of the technology company’s stock, valued at approximately $491,000.

A number of other hedge funds also recently made changes to their positions in T. IFM Investors Pty Ltd lifted its position in shares of AT&T by 5.3% in the first 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 in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in AT&T during the 1st quarter worth about $2,901,000. World Investment Advisors increased its position in AT&T by 85.0% during the 4th 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 in the last quarter. Cerity Partners LLC raised its stake in AT&T by 3.7% in the 4th 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. Finally, ING Groep NV lifted its holdings in AT&T by 120.3% in the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T News Roundup

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

• Positive Sentiment: AT&T’s operating margin reportedly reached a multi-year high as the company winds down its copper network. Lower legacy-network costs and operating leverage could improve profitability and support cash generation. AT&T Stock’s Margin Hit A Multi-Year Best As Its Copper Network Winds Down
• Positive Sentiment: Recent bullish investment analysis argues that AT&T’s turnaround has further upside, citing its discounted valuation, robust cash flows, fiber expansion, and growth in its Advanced Connectivity segment. Management’s target for 2026 EBITDA growth of 3%–4%, accelerating to more than 5% annually from 2028, strengthens the long-term case. AT&T Doesn’t Need Heroic Results To Offer Heroic Upside
• Positive Sentiment: AT&T’s investment and partnership with Hark could position its network as an infrastructure provider for AI-native, always-connected consumer devices. The opportunity is early-stage but offers potential exposure to new connectivity demand beyond smartphones. Investors Reacting to AT&T Backing Hark’s AI-Native Device Ecosystem
• Neutral Sentiment: AT&T, T-Mobile, and Verizon are described as overcoming a shared competitive or regulatory challenge involving satellite-based connectivity. The development may ease concerns about satellite disruption, but the article provides limited detail on its direct financial impact. AT&T, T-Mobile, and Verizon Defeat a Common Foe
• Neutral Sentiment: AT&T will release third-quarter 2026 results before the market opens on October 21 and hold a conference call afterward. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess subscriber trends, fiber growth, margins, and guidance. AT&T to Release Third-Quarter 2026 Earnings on Oct. 21
• Neutral Sentiment: AT&T is promoting free Turbo Live access at select football season openers and selling season passes. The campaign could support brand engagement and customer acquisition, but its immediate financial contribution is likely limited. AT&T Kicks Off Football Season with Free Turbo Live

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Up 2.4%

T opened at $26.03 on Friday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The business has a 50-day moving average of $23.15 and a two-hundred day moving average of $25.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $178.37 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

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.