California State Teachers Retirement System Has $4.58 Billion Stake in AT&T Inc. $T

California State Teachers Retirement System increased its stake in AT&T Inc. (NYSE:T) by 1,920.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 221,126,798 shares of the technology company’s stock after purchasing an additional 210,181,579 shares during the quarter. California State Teachers Retirement System’s holdings in AT&T were worth $4,577,325,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd increased its stake in AT&T by 5.3% during 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 purchasing an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T in the first quarter valued at $2,901,000. Cerity Partners LLC lifted its stake 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 buying an additional 59,279 shares in the last quarter. ING Groep NV lifted its stake in shares of AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after buying an additional 1,119,731 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its holdings in shares of AT&T by 415.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock valued at $1,574,000 after buying an additional 51,055 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Roundup

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

• Positive Sentiment: AT&T announced that it will become the first major U.S. telecommunications provider to offer business customers connectivity through Amazon Leo, Amazon’s low-Earth-orbit satellite broadband network. The service could extend AT&T’s connectivity reach in rural and hard-to-serve areas and complement its fiber and 5G networks, although commercial availability is not immediate. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer
• Positive Sentiment: Chief Executive Officer John Stankey’s Goldman Sachs Communacopia + Technology Conference update highlighted AT&T’s fiber and 5G investments, multi-year growth strategy, and structural connectivity advantages. Management reiterated the financial outlook and capital-allocation plan issued with second-quarter results, reducing the risk of a near-term guidance reset. AT&T Goldman Sachs Conference Transcript
• Positive Sentiment: AT&T elected Fazal F. Merchant as an independent director and expanded its board to 11 members. His assignments to the Audit Committee and Corporate Development and Finance Committee may strengthen financial oversight and strategic review. AT&T Elects Fazal F. Merchant to Board
• Neutral Sentiment: The Galaxy S26 FE launch and flexible smartphone pricing, upgrade options, and customer benefits could support wireless additions and customer satisfaction, but the financial effect is not yet measurable. AT&T Smartphone Offers
• Negative Sentiment: VoIP-Pal filed a third amended antitrust complaint naming AT&T, Verizon, and T-Mobile. The case remains unresolved, and any eventual legal costs, remedies, or regulatory scrutiny could weigh on sentiment, although no immediate financial impact was disclosed. VoIP-Pal Amended Antitrust Complaint
• Negative Sentiment: Recent internet outages affecting customers in Texas, including the Dallas-Fort Worth and Houston areas, were reportedly resolved or followed by company statements that the network was operating normally. Even temporary disruptions can raise customer-retention and service-reliability concerns. AT&T Internet Outages

Analysts Set New Price Targets

Several equities research analysts have recently commented on T shares. Morgan Stanley boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Scotiabank dropped their price target 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 upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Argus lowered their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Price Performance

T opened at $25.11 on Thursday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. 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 has a market capitalization of $172.03 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.27 and a beta of 0.25. The firm’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $25.08.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating 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 company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is 36.75%.

AT&T Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.