AT&T Inc. $T Shares Purchased by Bank of America Corp DE

Bank of America Corp DE lifted its stake in AT&T Inc. (NYSE:T) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,191,700 shares of the technology company’s stock after acquiring an additional 5,449,222 shares during the period. Bank of America Corp DE’s holdings in AT&T were worth $3,629,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at $26,000. Blueline Advisors LLC bought a new position in AT&T during the fourth quarter valued at about $26,000. Finally, Winnow Wealth LLC boosted its stake in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 2.8%

NYSE T opened at $23.96 on Thursday. The firm’s 50 day moving average price is $22.77 and its two-hundred day moving average price is $25.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The stock has a market cap of $164.21 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.00 and a beta of 0.24.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: AT&T completed its approximately $23 billion acquisition of EchoStar’s wireless spectrum licenses. The deal adds about 50 MHz of nationwide capacity—including 30 MHz of 3.45 GHz mid-band and 20 MHz of 600 MHz low-band spectrum—strengthening AT&T’s 5G coverage and capacity across more than 400 U.S. markets. AT&T closes $23 billion deal to acquire spectrum from EchoStar
• Positive Sentiment: AT&T’s Internet Air 5G home-internet service reached 2 million subscribers, adding its second million in roughly half the time required to reach the first. More than half of subscribers also use AT&T wireless service, supporting customer bundling, retention and potential revenue growth. AT&T Internet Air Doubles Subscribers in Almost Half the Time
• Positive Sentiment: AT&T’s expanded partnership with D-Wave reportedly reduced a network-optimization task from about 60 minutes to 15 seconds, highlighting potential efficiency gains from quantum computing. D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
• Neutral Sentiment: Analysts remain broadly constructive: Erste Group raised its 2026 EPS estimate to $2.33 from $2.32, close to the $2.34 consensus. AT&T also recently exceeded quarterly EPS expectations, although revenue came in slightly below forecasts.
• Negative Sentiment: The $23 billion spectrum commitment creates significant upfront spending and may pressure leverage or free cash flow before the additional network capacity produces returns. Investors appear to be balancing that risk against AT&T’s relatively low valuation and the company’s reiterated financial outlook.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Argus dropped their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein restated an “outperform” rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Barclays lowered their price objective on shares of 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. Scotiabank dropped their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average 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.