Mcdonald Partners LLC Reduces Stock Position in AT&T Inc. $T

Mcdonald Partners LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 36.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,589 shares of the technology company’s stock after selling 21,186 shares during the period. Mcdonald Partners LLC’s holdings in AT&T were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Fairway Wealth LLC bought a new stake in shares of AT&T in the first quarter worth $29,000. Robinswood Financial LLC bought a new position in AT&T during the 1st quarter valued at $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter worth $25,000. Finally, Cresta Advisors Ltd. acquired a new position in AT&T during the 4th quarter worth $26,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

AT&T stock opened at $24.59 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $25.25. The company has a market cap of $168.49 billion, a PE ratio of 8.14, a P/E/G ratio of 0.99 and a beta of 0.23.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was 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: Valuation remains attractive. AT&T has more than doubled over three years, but its recent pullback leaves it trading at relatively inexpensive earnings and other valuation multiples. The combination of a low valuation and expected 2026 earnings growth could provide further upside. AT&T Stock Still Looks A Bargain On Earnings But Weaker On Growth
• Positive Sentiment: AT&T compares favorably with other connectivity investments. Zacks points to stronger recent performance, a cheaper valuation and a more established 2026 growth outlook than SpaceX, despite competitive pressures. AT&T vs. SpaceX: Which Connectivity Stock Has More Upside Now?
• Positive Sentiment: Open-weight artificial intelligence could improve efficiency. AT&T is adopting open AI models to reduce token costs, protect proprietary data and improve security. If successfully implemented, the strategy could lower operating expenses and support automation. Why AT&T Is Betting Big on Open-Weight AI
• Neutral Sentiment: Fundamental execution is improving but uneven. Fiber expansion, wireless gains and bundled services support growth, while the latest quarterly EPS beat estimates and revenue increased year over year. However, revenue was below consensus, leaving investors focused on whether growth can accelerate.
• Negative Sentiment: Growth risks could limit upside. Analysts note that much of AT&T’s recent investment case depends on modest growth, while high capital expenditures, substantial debt and intense competition from wireless, fiber and satellite providers could pressure returns. Should Investors Buy T Stock as Earnings Estimates Improve?
• Negative Sentiment: SpaceX’s ambitions highlight a competitive threat. Elon Musk’s projection that SpaceX could handle most internet traffic underscores the long-term risk posed by satellite connectivity, although the impact on AT&T’s core business is uncertain. Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Barclays decreased their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Argus lowered their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. BNP Paribas Exane cut their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

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.