Principal Financial Group Inc. Sells 28,990 Shares of AT&T Inc. $T

Principal Financial Group Inc. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,290,172 shares of the technology company’s stock after selling 28,990 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of AT&T worth $240,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Citizens National Bank Trust Department increased its stake in AT&T by 89.9% during the first quarter. Citizens National Bank Trust Department now owns 27,355 shares of the technology company’s stock worth $793,000 after acquiring an additional 12,952 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of AT&T by 9.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 70,761 shares of the technology company’s stock valued at $2,051,000 after purchasing an additional 6,080 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of AT&T in the 1st quarter worth approximately $2,901,000. Y.D. More Investments Ltd boosted its holdings in shares of AT&T by 32.1% in the 1st quarter. Y.D. More Investments Ltd now owns 4,144 shares of the technology company’s stock worth $120,000 after purchasing an additional 1,006 shares during the period. Finally, J. Safra Sarasin Holding AG increased its position in shares of AT&T by 1.2% during the 1st quarter. J. Safra Sarasin Holding AG now owns 2,208,901 shares of the technology company’s stock valued at $64,035,000 after purchasing an additional 25,256 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on T. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $25.00 price objective on shares of AT&T in a research note on Monday. Citigroup boosted their price objective on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Morgan Stanley reduced their target price on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company assumed coverage on shares of AT&T in a research note on Wednesday, July 8th. They set an “underweight” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

AT&T Price Performance

Shares of T stock opened at $21.30 on Wednesday. The stock has a 50 day moving average price of $23.19 and a 200 day moving average price of $25.36. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market capitalization of $147.99 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.88 and a beta of 0.24.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the prior year, the company posted $0.51 EPS. AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. AT&T’s dividend payout ratio is presently 37.25%.

Key AT&T News

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

• Neutral Sentiment: AT&T remains a focus for traders, with recent articles questioning whether the stock is attractive after the latest pullback. Is Trending Stock AT&T Inc. (T) a Buy Now?
• Positive Sentiment: AT&T is testing advanced 5G drone-sensing technology with Ericsson, highlighting potential future uses in security, monitoring, and 6G-related network services. AT&T (T) Tests 5G Drone Sensing That Points Toward Future 6G Uses
• Positive Sentiment: AT&T’s H2O AI Super Agent rollout suggests the company is expanding automation and AI tools across customer service, fraud prevention, and operations, which could improve efficiency over time. H2O AI Super Agent™ is Added by AT&T to Power Enterprise Agentic AI
• Positive Sentiment: AT&T is offering free international calls on key World Cup match days, a customer-friendly promotion that may support engagement and brand loyalty. AT&T to Offer Free Calls to Countries Playing in Soccer’s Biggest Matches
• Neutral Sentiment: AT&T is discontinuing new copper landline orders in California, underscoring the gradual decline of legacy wireline services and the company’s ongoing transition away from older infrastructure. 150 YEARS AFTER BELL PATENTED THE TELEPHONE, AT&T TO DISCONTINUE LANDLINE ACCESS IN CALIFORNIA
• Negative Sentiment: AT&T phone bills will rise in early August due to a higher monthly fee, which could irritate customers and add churn risk if the increase is material. AT&T phone bills are going up. See why, and by how much
• Negative Sentiment: Market commentary has turned more cautious on telecom stocks after Bernstein cited Starlink as a growing competitive threat and cut price targets for AT&T and peers, adding to sector pressure. SpaceX’s Starlink threat causes Bernstein to cut Verizon, AT&T, Comcast PTs

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.