California State Teachers Retirement System Sells 343,019 Shares of AT&T Inc. $T

California State Teachers Retirement System trimmed its stake in shares of AT&T Inc. (NYSE:T) by 3.0% during the first quarter, Holdings Channel.com reports. The firm owned 10,945,219 shares of the technology company’s stock after selling 343,019 shares during the period. California State Teachers Retirement System’s holdings in AT&T were worth $317,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Tsfg LLC lifted its holdings in AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. increased its stake in shares of AT&T by 3.6% in the 4th 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. increased its stake in shares of AT&T by 1.2% in the 4th 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 raised its position in shares of AT&T by 1.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC lifted its stake in shares of AT&T by 3.8% during 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. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $24.67 on Wednesday. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market cap of $169.05 billion, a PE ratio of 8.17, a P/E/G ratio of 0.99 and a beta of 0.24. The business’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $25.24.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

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 given a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s payout ratio is currently 36.75%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on T. Morgan Stanley raised their price target on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Scotiabank cut their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Trending Headlines about AT&T

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

• Positive Sentiment: Nationwide spectrum acquisition completed: AT&T closed its approximately $23 billion purchase of wireless licenses from EchoStar. The deal adds roughly 50 MHz of spectrum—including 30 MHz of nationwide 3.45 GHz mid-band spectrum and 20 MHz of 600 MHz low-band spectrum—covering virtually every U.S. market. The additional capacity should support faster, more reliable 5G service and improve AT&T’s competitive position. AT&T Closes Acquisition of Spectrum Licenses from EchoStar
• Positive Sentiment: Potential operating efficiencies from D-Wave partnership: AT&T expanded its use of D-Wave Quantum’s (NASDAQ: QBTS) technology for network optimization, including outage detection, technician routing and traffic management. Initial testing reportedly reduced an optimization task from about one hour to 15 seconds. If scaled successfully, the technology could lower operating costs, improve outage response and make network investments more efficient. AT&T and D-Wave Expand Quantum Computing Agreement
• Neutral Sentiment: Financial backdrop remains supportive: AT&T recently exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus, while revenue increased 2.3% year over year. Management also reiterated its financial outlook and capital-allocation plan. These results help reinforce confidence in the company’s dividend and ongoing network investments, although the spectrum transaction’s contribution to earnings will take time to develop.
• Negative Sentiment: Large capital commitment raises balance-sheet concerns: The $23 billion spectrum purchase is a significant investment for a highly capital-intensive, debt-laden telecom operator. The licenses should improve long-term capacity, but investors may remain concerned about financing costs, leverage and the need to generate sufficient returns from the additional spectrum.

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.