AT&T Inc. $T Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 16.3% during the 1st quarter, HoldingsChannel reports. The fund owned 316,461 shares of the technology company’s stock after acquiring an additional 44,395 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in AT&T were worth $9,174,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the fourth quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter valued at $26,000. Blueline Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC grew its stake in shares of AT&T by 362.8% during the 4th 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 during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T stock opened at $21.30 on Wednesday. The company’s fifty day simple moving average is $23.19 and its 200-day simple moving average is $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 current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market cap of $147.99 billion, a PE 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 results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s 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, equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank dropped their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Sanford C. Bernstein restated an “outperform” rating and set a $25.00 price target on shares of AT&T in a research note on Monday. Finally, Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

More 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 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.