Professional Advisory Services Inc. Purchases 587,906 Shares of AT&T Inc. $T

Professional Advisory Services Inc. raised its position in AT&T Inc. (NYSE:T) by 142.3% in the second quarter, HoldingsChannel.com reports. The fund owned 1,001,112 shares of the technology company’s stock after purchasing an additional 587,906 shares during the quarter. AT&T accounts for approximately 2.5% of Professional Advisory Services Inc.’s portfolio, making the stock its 26th biggest holding. Professional Advisory Services Inc.’s holdings in AT&T were worth $20,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp raised its stake in 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. Bank of America Corp DE lifted its position in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after buying an additional 5,449,222 shares during the last quarter. Norges Bank bought a new position in shares of AT&T during the 4th quarter worth approximately $2,181,977,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of AT&T by 12.7% during the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

Shares of T stock opened at $23.80 on Friday. The stock has a market cap of $163.10 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $22.54 and a 200 day simple moving average of $25.22.

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, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is 36.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Argus cut their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays cut their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company lifted their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Key Stories Impacting AT&T

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

• Positive Sentiment: Expanded spectrum strengthens AT&T’s network outlook. AT&T completed its $23 billion acquisition of wireless spectrum licenses from EchoStar on July 28. The additional roughly 50 MHz of low- and mid-band spectrum covers more than 400 U.S. markets and should help the company handle traffic growth, improve reliability and support 5G performance. AT&T (T) Bulks Up Its Spectrum As SpaceX Fears Ease
• Positive Sentiment: Ericsson collaboration could accelerate customer benefits. Ericsson will provide 600 MHz dual-band radios to help AT&T deploy the newly acquired spectrum nationwide. The equipment is expected to improve coverage, capacity, call reliability and overall wireless performance, supporting AT&T’s competitiveness after recent pricing actions. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
• Positive Sentiment: Quantum-computing partnership highlights enterprise innovation. AT&T’s work with D-Wave produced a reported 240-fold improvement in a network-optimization application, potentially demonstrating practical uses for quantum computing. While not yet a major earnings driver, the project supports AT&T’s technology credentials and could improve operational efficiency over time. D-Wave Quantum Just Got a 240x Boost From AT&T
• Neutral Sentiment: New Plano headquarters signals a long-term corporate commitment. The former EDS “God Pod” in Plano is scheduled for demolition to make way for AT&T’s planned billion-dollar headquarters. The project may support employee consolidation and corporate visibility, but its direct effect on near-term financial results is limited. Old EDS “God Pod” to be Imploded for AT&T’s New Billion-Dollar HQ
• Negative Sentiment: Large spending commitments remain a risk. The spectrum purchase and AT&T’s broader plans to invest more than $250 billion in network infrastructure over five years could pressure free cash flow and leverage. Recent wireless price increases may help offset costs, but they also risk customer pushback in a competitive market. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?

AT&T 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.