State of Michigan Retirement System Cuts Stock Position in AT&T Inc. $T

State of Michigan Retirement System decreased its holdings in shares of AT&T Inc. (NYSE:T) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,143,713 shares of the technology company’s stock after selling 27,200 shares during the quarter. State of Michigan Retirement System’s holdings in AT&T were worth $62,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares during the period. Main Street Financial Solutions LLC grew its stake in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after buying an additional 1,022 shares in the last quarter. HUB Investment Partners LLC grew its stake in shares of AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after buying an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after buying an additional 3,677 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 1.9%

NYSE:T opened at $21.54 on Tuesday. The stock has a market cap of $149.67 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. 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 business’s 50-day simple moving average is $23.29 and its 200 day simple moving average is $25.39.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same quarter last year, the firm earned $0.51 EPS. AT&T’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. As a group, sell-side analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

AT&T News Roundup

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

• Positive Sentiment: AT&T announced a promotional offer of free international calls for customers in the countries playing in soccer’s biggest matches, a customer-friendly move that may support engagement and brand loyalty. AT&T to Offer Free Calls to Countries Playing in Soccer’s Biggest Matches
• Positive Sentiment: AT&T and Ericsson showcased a live 5G drone-detection trial, highlighting how the company’s existing network could help enable future 6G capabilities and create new enterprise/network applications. Can AT&T’s Drone Detection Trial With Ericsson Shape the Future of 6G?
• Neutral Sentiment: A roundup of telecom stocks noted AT&T as a name worth watching, but it did not provide a company-specific catalyst. Top Telecom Stocks Worth Watching – July 10th
• Negative Sentiment: Jim Cramer warned investors he “doesn’t want to own AT&T or Verizon,” after Bernstein flagged valuation risk from SpaceX’s Starlink, reinforcing concerns that satellite service could challenge traditional telecom players. Jim Cramer Warns “I Don’t Want to Own AT&T or Verizon” as Starlink Threatens Telecom Stocks
• Negative Sentiment: Morgan Stanley cut its price target on AT&T, warning dividend-focused investors that Starlink could become a meaningful competitive threat to the company’s long-term outlook. AT&T stock price target cut puts dividend investors on alert

Analysts Set New Price Targets

Several equities analysts recently commented on T shares. Citigroup boosted their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Barclays dropped their price objective on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Scotiabank decreased their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.43.

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.