Illinois Municipal Retirement Fund Acquires 37,656 Shares of AT&T Inc. $T

Illinois Municipal Retirement Fund boosted its stake in shares of AT&T Inc. (NYSE:T) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,666,812 shares of the technology company’s stock after purchasing an additional 37,656 shares during the period. AT&T accounts for about 0.5% of Illinois Municipal Retirement Fund’s holdings, making the stock its 25th largest position. Illinois Municipal Retirement Fund’s holdings in AT&T were worth $41,404,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tsfg LLC raised its holdings in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares during the period. Lifestyle Asset Management Inc. grew its holdings in AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after acquiring an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after buying an additional 370 shares during the period. Bruce G. Allen Investments LLC increased its holdings in shares of AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 374 shares during the period. Finally, Rockline Wealth Management LLC grew its stake in AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on T. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target for the company. BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, KeyCorp lifted their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Price Performance

NYSE:T opened at $23.19 on Thursday. AT&T Inc. has a 52 week low of $22.32 and a 52 week high of $29.79. The stock has a market capitalization of $161.13 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.21. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average price is $25.53 and its 200-day moving average price is $25.90.

AT&T (NYSE:T) last released 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. The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T launched Unlimited Day Pass, a new on-demand iPad connectivity offer that lets eligible U.S. users on any carrier get unlimited data for $3 a day. This expands AT&T’s wireless monetization opportunities and could attract incremental usage and revenue. Article Title
• Positive Sentiment: AT&T is continuing to push fiber expansion and bundled offerings, including simplified home internet tiers, wireless savings, and added features such as Internet Backup and All-Fi Pro. Investors may see this as a sign of improving revenue mix and stronger cross-selling potential. Article Title
• Positive Sentiment: AT&T’s partnership activity in connected cars, in-vehicle entertainment, and AI-powered transportation infrastructure points to additional growth avenues beyond traditional wireless service. These collaborations may support a longer-term bull case for revenue diversification. Article Title
• Neutral Sentiment: Several recent items, including AT&T’s presentation at the Mizuho Technology Conference and broader telecom-sector watchlist coverage, are mainly informational and did not introduce a major new catalyst. Article Title
• Negative Sentiment: Oppenheimer downgraded AT&T to Perform from Outperform, citing caution around long-term broadband growth and fiber expansion risks. That analyst shift may be weighing on sentiment despite the company’s cheaper valuation. Article Title
• Negative Sentiment: Coverage highlighting a major customer data setback for Verizon and AT&T could raise investor concerns about privacy, regulatory risk, or carrier-level data practices, even if the direct financial impact is unclear. Article Title

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.