Royal London Asset Management Ltd. Cuts Stock Holdings in AT&T Inc. $T

Royal London Asset Management Ltd. lowered its position in shares of AT&T Inc. (NYSE:T) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,785,275 shares of the technology company’s stock after selling 27,077 shares during the quarter. Royal London Asset Management Ltd.’s holdings in AT&T were worth $78,355,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. lifted its position in AT&T by 8.1% in the 2nd quarter. Mufg Securities Americas Inc. now owns 209,275 shares of the technology company’s stock valued at $4,332,000 after acquiring an additional 15,606 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of AT&T by 10.7% in the 2nd quarter. Van ECK Associates Corp now owns 554,945 shares of the technology company’s stock worth $11,487,000 after purchasing an additional 53,796 shares in the last quarter. Nissay Asset Management Corp Japan increased its holdings in shares of AT&T by 1.9% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 943,340 shares of the technology company’s stock worth $19,527,000 after purchasing an additional 17,727 shares in the last quarter. BNP Paribas raised its stake in shares of AT&T by 2.7% in the second quarter. BNP Paribas now owns 669,629 shares of the technology company’s stock worth $13,855,000 after purchasing an additional 17,865 shares during the last quarter. Finally, Field & Main Bank purchased a new position in shares of AT&T in the second quarter worth $491,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $26.03 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. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The company has a market capitalization of $178.37 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.03 and a beta of 0.23. The firm’s 50 day simple moving average is $23.15 and its two-hundred day simple moving average is $25.23.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio is currently 36.75%.

Trending Headlines about AT&T

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

Analyst Ratings Changes

Several equities research analysts recently commented on T shares. Morgan Stanley lifted their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Argus lowered their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Barclays dropped their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Finally, Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

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.