Clark Capital Management Group Inc. Has $65.50 Million Stake in AT&T Inc. $T

Clark Capital Management Group Inc. grew its holdings in AT&T Inc. (NYSE:T) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,319,300 shares of the technology company’s stock after acquiring an additional 46,518 shares during the quarter. Clark Capital Management Group Inc.’s holdings in AT&T were worth $65,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Bailard Inc. raised its holdings in AT&T by 5.3% during the 2nd quarter. Bailard Inc. now owns 11,279 shares of the technology company’s stock worth $326,000 after buying an additional 567 shares during the period. Impax Asset Management Group plc bought a new position in AT&T in the second quarter valued at approximately $1,034,000. Advisors Capital Management LLC lifted its stake in AT&T by 61.3% in the second quarter. Advisors Capital Management LLC now owns 31,671 shares of the technology company’s stock valued at $917,000 after buying an additional 12,042 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of AT&T by 16.0% in the second quarter. Foundations Investment Advisors LLC now owns 471,253 shares of the technology company’s stock valued at $13,638,000 after buying an additional 64,854 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $27.73 on Friday. The firm’s 50 day moving average is $26.31 and its 200-day moving average is $26.30. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $194.15 billion, a PE ratio of 9.09, a price-to-earnings-growth 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.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 annualized dividend and a yield of 4.0%. AT&T’s payout ratio is 36.39%.

Key AT&T News

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

• Positive Sentiment: Management unveiled a $250 billion multi-year plan to upgrade AT&T into an essential AI-era connectivity platform, led by Jeff McElfresh — a long-term growth narrative that supports higher revenue opportunity from enterprise AI, edge and hyperscaler connectivity. Meet the executive behind AT&T’s $250 billion bid to become essential AI infrastructure
• Positive Sentiment: AT&T reiterated aggressive fiber and 5G expansion goals (including plans discussed publicly to reach many millions of locations by 2030), which investors view as positioning the company to capture AI-driven connectivity demand and higher-margin enterprise services. AT&T Inc. (T) Plans Major Fiber Expansion to 60 Million Locations by 2030
• Positive Sentiment: AT&T launched refreshed consumer wireless plans (Unlimited Your Way®) aimed at value and mix‑and‑match flexibility, a move that could stabilize gross adds and ARPU retention vs. rivals. AT&T Launches New Wireless Plans – Giving Customers More Value
• Positive Sentiment: An analyst upgrade (Arete to Neutral) and a $28 price target cited the company’s copper switch-off and improved cost profile, providing near-term technical/valuation support for the stock. Arete Upgrades AT&T (T) on Copper Switch-Off, Sets $28 Price Target
• Neutral Sentiment: AT&T completed a CAD‑denominated long‑term debt offering (CAD$1.25B at 4.50%), signaling continued access to capital markets to fund the buildout but also adding to its debt maturity profile. AT&T Completes CAD-Denominated Long-Term Debt Offering
• Negative Sentiment: Investors are also weighing the scale and near-term cost of the $250B pledge — hiring, capex and execution risk could depress free cash flow and require sizable financing over years, which is a headline risk if revenue/efficiency gains lag. AT&T commits $250 billion investment to upgrade US telecom infrastructure for the AI era

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on T shares. The Goldman Sachs Group lowered their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Oppenheimer lifted their price target on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.35.

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.