Franklin Resources Inc. Sells 11,111,090 Shares of AT&T Inc. $T

Franklin Resources Inc. trimmed its stake in AT&T Inc. (NYSE:T) by 57.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,363,601 shares of the technology company’s stock after selling 11,111,090 shares during the quarter. Franklin Resources Inc.’s holdings in AT&T were worth $207,752,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Tsfg LLC grew its position in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after acquiring an additional 366 shares during the period. Lifestyle Asset Management Inc. grew its position in AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after acquiring an additional 368 shares during the period. Hillsdale Investment Management Inc. grew its position in AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after acquiring an additional 370 shares during the period. Bruce G. Allen Investments LLC grew its position in AT&T by 1.7% in the fourth 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 position 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 acquiring an additional 378 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T News Summary

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

• Positive Sentiment: AT&T announced a commercial collaboration with Derq to advance AI-powered transportation infrastructure, expanding a prior investment relationship into a revenue-oriented partnership that could support future network and connected mobility growth. Derq and AT&T Collaborate to Advance AI-Powered Transportation Infrastructure
• Positive Sentiment: AT&T’s CFO is set to update shareholders at the Mizuho Technology Conference, and the company reiterated its 2026 and multi-year guidance and capital return plans, which may reassure investors about execution and cash flow. Pascal Desroches to Update Shareholders at Mizuho Technology Conference on June 9
• Positive Sentiment: Technical commentary suggested AT&T may be oversold and sitting near support, implying the stock could be due for a rebound if sentiment improves. Stock Of The Day: Is AT&T About To Rally?
• Neutral Sentiment: AT&T was highlighted in trading and “most searched” stock roundups, reflecting elevated investor interest rather than a direct change in fundamentals. AT&T Inc. (T) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Oppenheimer turned cautious on AT&T, downgrading the stock to Perform from Outperform on concerns about long-term broadband growth and fiber expansion risks. Oppenheimer Turns Cautious on AT&T (T), Citing Fiber Expansion Risks
• Negative Sentiment: Articles flagged a customer data setback for Verizon and AT&T, which could add to regulatory or privacy concerns even if details remain limited. Verizon, AT&T suffer major customer data setback

Analysts Set New Price Targets

T has been the topic of several research analyst reports. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Citigroup increased their target price on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. BNP Paribas Exane decreased 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 increased their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, Scotiabank decreased their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

Shares of T stock opened at $22.70 on Wednesday. The stock’s fifty day moving average is $25.64 and its 200-day moving average is $25.91. 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 stock has a market capitalization of $157.69 billion, a PE ratio of 7.62, a PEG ratio of 0.94 and a beta of 0.21. AT&T Inc. has a 52 week low of $22.32 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

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.