M&T Bank Corp Sells 853,621 Shares of AT&T Inc. $T

M&T Bank Corp lessened its position in AT&T Inc. (NYSE:T) by 94.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,234 shares of the technology company’s stock after selling 853,621 shares during the quarter. M&T Bank Corp’s holdings in AT&T were worth $1,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of T. Amundi increased its holdings in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Woodline Partners LP increased its holdings in shares of AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after purchasing an additional 7,249,373 shares during the period. SG Americas Securities LLC increased its holdings in shares of AT&T by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after purchasing an additional 4,725,382 shares during the period. California Public Employees Retirement System increased its holdings in shares of AT&T by 23.2% during the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock worth $691,111,000 after purchasing an additional 4,613,259 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $25.75 on Thursday. 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’s 50-day simple moving average is $27.55 and its 200-day simple moving average is $26.04. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The firm has a market cap of $179.83 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.34.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the business 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, research analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, April 10th. AT&T’s payout ratio is 37.25%.

Wall Street Analyst Weigh In

T has been the topic of several research reports. Oppenheimer boosted their price objective on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. 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 report on Monday, January 26th. Morgan Stanley initiated coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. Scotiabank dropped their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.55.

More AT&T News

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

• Positive Sentiment: Erste Group slightly raised its FY2026 EPS estimate for AT&T to $2.31 (from $2.30), aligning with consensus and supporting the company’s near-term earnings outlook.
• Positive Sentiment: Management is pushing bundled phone + fiber plans to reduce churn and stabilize revenue — a strategic shift that could improve retention and ARPU if execution succeeds. AT&T Bets On Bundled Phone And Fiber To Steady Growth
• Positive Sentiment: FCC approval for AST SpaceMobile’s direct-to-device network enhances a partner ecosystem (including AT&T) that could extend coverage capabilities and new service options down the road. AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback (T)
• Neutral Sentiment: Recent media pieces comparing AT&T and Verizon on dividend yield highlight that income investors are re-evaluating telecom allocations; yield comparisons neither change fundamentals nor immediate cash flow but influence relative demand. Verizon Communications vs. AT&T: What’s the Better Dividend Stock to Buy Right Now? AT&T Yields 4.3% and Verizon Yields 6%…
• Neutral Sentiment: PR: AT&T launched its 2026 Small Business Contest (brand/marketing initiative); positive for community engagement but unlikely to move fundamentals. AT&T Celebrates Small Business Owners with the Launch of the 2026 AT&T Small Business Contest
• Neutral Sentiment: Increased search and coverage from outlets like Zacks/Yahoo indicates higher investor attention, which can amplify moves but doesn’t itself change fundamentals. Investors Heavily Search AT&T Inc. (T): Here is What You Need to Know
• Negative Sentiment: T-Mobile’s aggressive broadband and fiber JV strategy is a direct competitive threat: it is winning broadband share and has strong FCF to fund expansion, which raises downside risk for AT&T’s broadband growth prospects and investor sentiment. T-Mobile’s Broadband Blitz Puts Cable on Notice
• Negative Sentiment: Isolated reports of service outages (consumer-impact stories) can temporarily hurt customer sentiment and add short-term volatility. Is there an AT&T outage? AT&T outage today reported

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.