Fifth Third Bancorp Has $80.81 Million Position in AT&T Inc. $T

Fifth Third Bancorp lifted its stake in AT&T Inc. (NYSE:T) by 186.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,787,439 shares of the technology company’s stock after buying an additional 1,812,686 shares during the period. Fifth Third Bancorp’s holdings in AT&T were worth $80,808,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares in the last quarter. State Street Corp lifted its position in shares of AT&T by 2.6% in 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 grew its holdings in shares of AT&T by 3.5% during the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after purchasing an additional 4,079,062 shares in the last quarter. Norges Bank acquired a new stake in shares of AT&T during the 4th quarter worth approximately $2,181,977,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AT&T by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,600,464 shares of the technology company’s stock valued at $1,281,756,000 after purchasing an additional 225,708 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank cut their target price on 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. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Citigroup boosted their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Wells Fargo & Company started coverage on shares of AT&T in a research note on Wednesday. They issued an “underweight” rating and a $18.00 price objective for the company. Finally, BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.68.

AT&T Trading Up 0.1%

Shares of T opened at $21.16 on Monday. 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 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a 50 day simple moving average of $23.38 and a 200-day simple moving average of $25.41. The stock has a market cap of $146.99 billion, a PE ratio of 7.10, a PEG ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last posted 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. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the company earned $0.51 EPS. AT&T’s 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. On average, sell-side analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Key AT&T News

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

• Positive Sentiment: AT&T and Ericsson demonstrated drone detection over a 5G network, highlighting new network-sensing capabilities that could support future 6G-style services and reinforce AT&T’s technology narrative. Article: The future takes flight: AT&T and Ericsson demonstrate drone detection outside of AT&T Stadium
• Positive Sentiment: AT&T was ranked #1 in customer satisfaction for small business internet service by J.D. Power, which supports the company’s competitive position in business broadband and converged connectivity. Article: AT&T Ranked #1 in Customer Satisfaction for Small Business Internet Service by JD Power
• Positive Sentiment: Recent market commentary points to investor interest in AT&T’s 5G mobility trial results and its fraud-resistant identity partnership, suggesting continued optimism around network innovation and enterprise offerings. Article: AT&T Shares Pause Friday: What's Going On? Article: How Investors May Respond To AT&T (T) Linking Fraud-Resistant Identity To Converged Small-Business Bundles
• Neutral Sentiment: AT&T disclosed $30,000 of Q2 2026 lobbying focused on cybersecurity, data-breach rules, Section 230, FISA reauthorization, and telecom policy; this is more of a policy maintenance item than a direct earnings catalyst. Article: Lobbying Update: $30,000 of AT&T SERVICES INC. lobbying was just disclosed
• Neutral Sentiment: Congressional trading data and mixed institutional ownership changes show ongoing investor attention, but the signals are not strong enough on their own to drive the stock. Article: Lobbying Update: $30,000 of AT&T SERVICES INC. lobbying was just disclosed
• Negative Sentiment: New sell-side coverage from Wells Fargo was notably cautious, with an underweight rating and an $18 price target, while other commentary from Jim Cramer also leaned bearish. Article: Jim Cramer on AT&T: “It’s Time to Sell”
• Negative Sentiment: Some recent analysis suggests AT&T could be left out of a sought-after Starlink-related deal, raising concern that the company may miss a competitive opportunity in satellite-to-phone connectivity. Article: AT&T may be left out of the Starlink deal everyone wants

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.