SEB Asset Management AB Invests $55.09 Million in AT&T Inc. $T

SEB Asset Management AB purchased a new stake in shares of AT&T Inc. (NYSE:T) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,900,267 shares of the technology company’s stock, valued at approximately $55,089,000.

A number of other large investors have also recently modified their holdings of T. Paradigm Strategies in Wealth Management LLC bought a new position in AT&T in the first quarter worth approximately $225,000. Swiss National Bank raised its position in AT&T by 6.2% during the 1st quarter. Swiss National Bank now owns 20,805,784 shares of the technology company’s stock valued at $603,160,000 after purchasing an additional 1,211,700 shares in the last quarter. World Equity Group Inc. raised its position in AT&T by 110.3% during the 1st quarter. World Equity Group Inc. now owns 31,166 shares of the technology company’s stock valued at $904,000 after purchasing an additional 16,347 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of AT&T by 1.8% in the 1st quarter. Valley Wealth Managers Inc. now owns 173,495 shares of the technology company’s stock worth $5,030,000 after buying an additional 3,129 shares during the period. Finally, Mediolanum International Funds Ltd lifted its holdings in shares of AT&T by 247.4% in the 1st quarter. Mediolanum International Funds Ltd now owns 207,823 shares of the technology company’s stock worth $5,981,000 after buying an additional 148,008 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.9%

AT&T stock opened at $21.79 on Friday. The stock has a 50-day moving average of $22.98 and a two-hundred day moving average of $25.30. 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 Inc. has a one year low of $19.89 and a one year high of $29.79. The stock has a market cap of $151.38 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping 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 business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the company earned $0.51 earnings per share. The company’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. On average, research analysts anticipate that AT&T Inc. will post 2.32 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.1%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company started coverage on AT&T in a research report on Wednesday, July 8th. They set an “underweight” rating and a $18.00 price target on the stock. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Scotiabank cut 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 research report on Wednesday. Finally, Citigroup boosted their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.34.

Key AT&T News

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

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.