AT&T Inc. $T Position Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 21.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,947,640 shares of the technology company’s stock after selling 1,338,592 shares during the period. The Manufacturers Life Insurance Company’s holdings in AT&T were worth $102,416,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. IFM Investors Pty Ltd lifted its position in AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after purchasing an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in AT&T in the 1st quarter worth about $2,901,000. Cerity Partners LLC grew its position in AT&T by 3.7% in the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the last quarter. ING Groep NV increased its stake in shares of AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the period. Finally, WealthPlan Investment Management LLC increased its stake in shares of AT&T by 415.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 51,055 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T is offering up to $1,200 off the new iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo for customers who trade in eligible devices. The promotion could support upgrades, wireless subscriber additions and customer retention, reinforcing AT&T’s position during Apple’s product launch cycle. However, the cost of handset subsidies could limit near-term margin benefits. AT&T iPhone 18 promotion
• Positive Sentiment: CEO John Stankey described SpaceX’s Starlink as complementary rather than purely threatening to AT&T. A partnership-oriented approach could help AT&T extend coverage to rural and remote areas while preserving its core wireless, fiber and enterprise-network businesses. AT&T CEO discusses Starlink
• Positive Sentiment: Recent investor commentary argues that the market may be overstating the competitive threat from Starlink. Fiber expansion, wireless-fiber convergence and stronger customer stickiness are viewed as potential long-term drivers, while AT&T’s low earnings multiple may not fully reflect those opportunities. Analysis of AT&T and Starlink competition
• Neutral Sentiment: AT&T’s presentations at industry conferences and its CEO’s comments on the new Apple iPhone Duo are keeping management’s views on wireless, fiber, cloud and network demand in focus, but the available reports do not identify a major new financial outlook change. AT&T Bank of America conference presentation
• Neutral Sentiment: The election of Fazal F. Merchant to AT&T’s board adds finance and corporate-development experience, but is unlikely to materially change the near-term investment thesis. AT&T board appointment
• Negative Sentiment: Comparison coverage of AT&T and Nokia highlights that both companies must convert AI-related telecom spending, 5G, cloud and fiber investment into sustainable growth. The discussion underscores execution and competitive risks if AT&T’s growth continues to appear modest relative to technology-sector opportunities. AT&T versus Nokia comparison

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank reduced their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley raised their target price on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. TD Cowen boosted their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 1.9%

Shares of NYSE:T opened at $26.05 on Friday. The company has a 50 day moving average of $23.97 and a 200-day moving average of $25.07. 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 $178.48 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.27 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio (DPR) is 36.75%.

About AT&T

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.