Sumitomo Mitsui Trust Group Inc. Sells 617,907 Shares of AT&T Inc. $T

Sumitomo Mitsui Trust Group Inc. cut its position in shares of AT&T Inc. (NYSE:T) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,159,581 shares of the technology company’s stock after selling 617,907 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AT&T were worth $375,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Sovran Advisors LLC lifted its stake in AT&T by 5.3% in the 2nd quarter. Sovran Advisors LLC now owns 41,306 shares of the technology company’s stock valued at $855,000 after purchasing an additional 2,070 shares during the last quarter. Griffith & Werner Inc. grew its holdings in AT&T by 9.1% during the second quarter. Griffith & Werner Inc. now owns 266,387 shares of the technology company’s stock worth $5,514,000 after purchasing an additional 22,321 shares during the period. Beese Fulmer Investment Management Inc. increased its position in AT&T by 1.5% during the second quarter. Beese Fulmer Investment Management Inc. now owns 60,683 shares of the technology company’s stock worth $1,256,000 after buying an additional 891 shares during the last quarter. Guardian Partners Inc. increased its position in AT&T by 14.0% during the second quarter. Guardian Partners Inc. now owns 8,940 shares of the technology company’s stock worth $185,000 after buying an additional 1,099 shares during the last quarter. Finally, Sharpepoint LLC raised its stake in AT&T by 8.5% in the second quarter. Sharpepoint LLC now owns 119,241 shares of the technology company’s stock valued at $2,468,000 after buying an additional 9,326 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 1.3%

Shares of T stock opened at $24.89 on Friday. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a market capitalization of $170.58 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The firm has a 50 day moving average price of $22.62 and a two-hundred day moving average price of $25.25. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

Analysts Set New Price Targets

Several brokerages have recently commented on T. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company raised 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. TD Cowen lifted their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $29.19.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T’s Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

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.