Northwestern Mutual Wealth Management Co. Purchases Shares of 1,016,347 AT&T Inc. $T

Northwestern Mutual Wealth Management Co. purchased a new position in AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,016,347 shares of the technology company’s stock, valued at approximately $21,038,000.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its stake in AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares during the period. Bank of America Corp DE lifted its holdings in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Norges Bank bought a new position in shares of AT&T in the fourth quarter worth approximately $2,181,977,000. Bank of New York Mellon Corp boosted its position in shares of AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of AT&T by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,600,464 shares of the technology company’s stock worth $1,281,756,000 after purchasing an additional 225,708 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T stock opened at $25.70 on Tuesday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The firm has a market capitalization of $176.13 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23. The company has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $25.26. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted 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. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. TD Cowen increased their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Argus lowered their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $29.19.

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.