Great Diamond Partners LLC Decreases Stake in AT&T Inc. $T

Great Diamond Partners LLC reduced its stake in AT&T Inc. (NYSE:T) by 75.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,988 shares of the technology company’s stock after selling 81,761 shares during the period. Great Diamond Partners LLC’s holdings in AT&T were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its position in AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after buying an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after purchasing an additional 66,448 shares during the period. Public Sector Pension Investment Board grew its stake in shares of AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares during the period. Annex Advisory Services LLC grew its stake in shares of AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the period. Finally, World Investment Advisors grew its stake in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T News Summary

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

• Positive Sentiment: AT&T announced a $19 billion commitment to expand fiber and wireless infrastructure in California through 2030, including more than 4 million additional households and businesses to be reached with fiber and over 1,200 new cell sites. The move reinforces long-term growth prospects and network modernization. Article Title
• Positive Sentiment: AT&T Fiber was ranked #1 in customer satisfaction by ACSI for the fourth straight year, which supports the company’s competitive position in broadband and may help retention and pricing power. Article Title
• Positive Sentiment: Royal Bank of Canada reaffirmed its outperform rating on AT&T and set a $31 price target, signaling confidence in upside from current levels. Article Title
• Neutral Sentiment: Several articles highlighted AT&T as a value and dividend stock, including comparisons with Verizon and broader “safe income” screens. These pieces may support investor sentiment, but they are not direct catalysts. Article Title
• Negative Sentiment: AT&T sued California to block requirements tied to traditional copper phone service, underscoring regulatory friction as the company pushes to migrate customers to modern networks. Article Title
• Negative Sentiment: A Seeking Alpha article flagged cash flow weakness as a possible issue, even while arguing the valuation remains compelling. That combination suggests investors are still focused on near-term cash generation risks. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Wells Fargo & Company dropped their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

AT&T stock opened at $24.93 on Thursday. The company’s fifty day moving average price is $26.73 and its 200 day moving average price is $26.00. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The stock has a market capitalization of $173.19 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.92 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

About AT&T

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.