OLD National Bancorp IN Has $21.85 Million Stock Position in AT&T Inc. $T

OLD National Bancorp IN reduced its position in shares of AT&T Inc. (NYSE:T) by 37.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 753,667 shares of the technology company’s stock after selling 455,779 shares during the quarter. OLD National Bancorp IN’s holdings in AT&T were worth $21,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC raised its stake in shares of AT&T by 3.6% during 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 last quarter. Lifestyle Asset Management Inc. lifted its holdings 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 buying an additional 368 shares during the period. Hillsdale Investment Management Inc. boosted its stake 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 last quarter. Bruce G. Allen Investments LLC boosted its stake 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 last quarter. Finally, Rockline Wealth Management LLC grew its holdings in AT&T by 3.8% during the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after acquiring an additional 378 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.3%

Shares of NYSE T opened at $22.43 on Friday. The stock has a market cap of $155.87 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.93 and a beta of 0.21. The firm has a 50 day moving average price of $24.48 and a 200 day moving average price of $25.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52-week low of $21.99 and a 52-week high of $29.79.

AT&T (NYSE:T) last posted its 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 company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors 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 yield of 4.9%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Morgan Stanley started coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price for the company. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. BNP Paribas Exane dropped their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T News Summary

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

• Positive Sentiment: AT&T reiterated its shareholder return profile by declaring a quarterly dividend of $0.2775 per share, implying an annualized yield of about 5%. That should help support demand from income-focused investors. AT&T Declares Dividends on Common and Preferred Shares
• Positive Sentiment: AT&T’s collaboration with Intrado to enhance next-generation 9-1-1 capabilities supports its move toward higher-value, modern telecom services and may improve the company’s long-term competitive positioning. Intrado and AT&T Strengthen Longstanding Collaboration to Support NG 9-1-1 Innovation
• Positive Sentiment: Independent research cited AT&T Fiber as a top home internet performer on speed, reliability, and video quality, reinforcing optimism around AT&T’s fiber rollout and growth strategy. Will AT&T’s (T) Fiber Momentum and Legacy Exit Plan Reshape Its Long-Term Connectivity Narrative?
• Neutral Sentiment: AT&T is also pursuing a year-end CFO transition and seeking FCC approval to discontinue certain legacy voice services, which highlights ongoing operational change but does not clearly signal near-term financial impact. Will AT&T’s (T) Fiber Momentum and Legacy Exit Plan Reshape Its Long-Term Connectivity Narrative?
• Neutral Sentiment: Analysts remain bullish and see meaningful upside, but that view has not yet offset the market’s recent pressure on the stock. AT&T (T) Trades Near Its 52-Week Low, But Analysts Remain Bullish
• Negative Sentiment: Shares have been under pressure as regulators in California push back on AT&T’s copper-network retirement plans, creating a policy overhang for the company’s legacy network exit strategy. What California’s Regulatory Resistance Means For AT&T Stock

AT&T 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.