Erste Asset Management GmbH Sells 92,620 Shares of AT&T Inc. $T

Erste Asset Management GmbH decreased its holdings in shares of AT&T Inc. (NYSE:T) by 7.7% during the third quarter, HoldingsChannel reports. The firm owned 1,114,035 shares of the technology company’s stock after selling 92,620 shares during the period. Erste Asset Management GmbH’s holdings in AT&T were worth $31,273,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in AT&T during the second quarter valued at approximately $2,228,655,000. Vanguard Group Inc. boosted its position in AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after acquiring an additional 10,310,560 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of AT&T in the 2nd quarter valued at $235,422,000. State Street Corp raised its position in shares of AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after acquiring an additional 7,404,376 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of AT&T by 59.6% in the 2nd quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock worth $419,403,000 after acquiring an additional 5,410,596 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.5%

Shares of AT&T stock opened at $27.45 on Friday. The firm’s 50 day simple moving average is $25.55 and its two-hundred day simple moving average is $26.37. The firm has a market capitalization of $192.17 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.03 and a beta of 0.39. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Trending Headlines about AT&T

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

• Positive Sentiment: Ookla recognition and fiber traction boost the growth narrative for AT&T’s broadband strategy, helping justify recent share strength and giving investors a reason to look past near-term noise. A Look At AT&T (T) Valuation As New Fiber Internet Awards Draw Investor Attention
• Positive Sentiment: Short interest fell meaningfully in February (down ~14% month-over-month), reducing immediate downside pressure from bearish bets and shortening the potential short-squeeze timeline. (No link provided)
• Neutral Sentiment: Coverage pieces note AT&T has lagged the Dow over the past year but analysts remain moderately optimistic — suggesting mixed investor views: value characteristics versus slower growth. Is AT&T Stock Underperforming the Dow?
• Neutral Sentiment: AT&T appears on lists of dividend/“set-and-forget” stocks, reinforcing its appeal to income investors even as growth questions persist. Just Set It and Forget It With These Dividend Stocks
• Neutral Sentiment: Zacks highlights that T slipped more than the broader market on the recent session, a reminder that stock-specific flows (profit-taking) are amplifying market moves. Here’s Why AT&T (T) Fell More Than Broader Market
• Negative Sentiment: AT&T agreed to settle a lawsuit brought by NYC pension funds by allowing a shareholder vote on disclosing workforce demographics — introduces governance scrutiny and potential disclosure costs/risk. AT&T settles New York City lawsuit over diversity proposal
• Negative Sentiment: Technical and fundamental analysis warns of a short-term pullback after a strong January rally: overbought RSI, a potential move back toward the 50‑day MA, and concerns about stagnant revenue/dividend trends and near-term EBITDA pressure from recent acquisitions. This is likely the chief driver for short-term selling. (MarketBeat feature summarized; no link provided)

Analyst Ratings Changes

A number of brokerages recently weighed in on T. Sanford C. Bernstein dropped their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Barclays lowered their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $29.93.

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.