AT&T Inc. $T Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 36.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 36,589 shares of the technology company’s stock after selling 21,186 shares during the period. Mcdonald Partners LLC’s holdings in AT&T were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in AT&T in the fourth quarter valued at $2,181,977,000. Amundi lifted its stake in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after acquiring an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. lifted its position in AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after purchasing an additional 10,241,949 shares during the period. State Street Corp lifted its holdings in shares of AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after acquiring an additional 8,297,201 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T News Summary

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

• Positive Sentiment: Valuation remains attractive. AT&T has more than doubled over three years, but its recent pullback leaves it trading at relatively inexpensive earnings and other valuation multiples. The combination of a low valuation and expected 2026 earnings growth could provide further upside. AT&T Stock Still Looks A Bargain On Earnings But Weaker On Growth
• Positive Sentiment: AT&T compares favorably with other connectivity investments. Zacks points to stronger recent performance, a cheaper valuation and a more established 2026 growth outlook than SpaceX, despite competitive pressures. AT&T vs. SpaceX: Which Connectivity Stock Has More Upside Now?
• Positive Sentiment: Open-weight artificial intelligence could improve efficiency. AT&T is adopting open AI models to reduce token costs, protect proprietary data and improve security. If successfully implemented, the strategy could lower operating expenses and support automation. Why AT&T Is Betting Big on Open-Weight AI
• Neutral Sentiment: Fundamental execution is improving but uneven. Fiber expansion, wireless gains and bundled services support growth, while the latest quarterly EPS beat estimates and revenue increased year over year. However, revenue was below consensus, leaving investors focused on whether growth can accelerate.
• Negative Sentiment: Growth risks could limit upside. Analysts note that much of AT&T’s recent investment case depends on modest growth, while high capital expenditures, substantial debt and intense competition from wireless, fiber and satellite providers could pressure returns. Should Investors Buy T Stock as Earnings Estimates Improve?
• Negative Sentiment: SpaceX’s ambitions highlight a competitive threat. Elon Musk’s projection that SpaceX could handle most internet traffic underscores the long-term risk posed by satellite connectivity, although the impact on AT&T’s core business is uncertain. Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Scotiabank lowered their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

Shares of T opened at $24.59 on Friday. 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 company’s fifty day moving average price is $22.58 and its 200 day moving average price is $25.25. The company has a market capitalization of $168.49 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.23. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.

AT&T (NYSE:T) last posted 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 return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given 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 dividend yield of 4.5%. AT&T’s dividend payout ratio 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.