Bank of New York Mellon Corp Has $2.11 Billion Stock Position in AT&T Inc. $T

Bank of New York Mellon Corp raised its stake in AT&T Inc. (NYSE:T) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,764,509 shares of the technology company’s stock after acquiring an additional 8,197,935 shares during the quarter. Bank of New York Mellon Corp’s holdings in AT&T were worth $2,109,443,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T during the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its stake in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on T. BNP Paribas Exane decreased their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Scotiabank dropped their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.34.

AT&T Trading Up 0.7%

Shares of NYSE:T opened at $21.43 on Thursday. The business’s 50 day simple moving average is $23.11 and its 200 day simple moving average is $25.34. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market capitalization of $148.87 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion during 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 company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.32 EPS for the current fiscal year.

AT&T Announces Dividend

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

AT&T News Summary

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

• Positive Sentiment: AT&T received a boost from reports highlighting improved network performance, including a new carrier report and Ookla data showing the company delivers the fastest converged home internet and wireless speeds, which supports the case that its fiber and wireless strategy is gaining traction. AT&T is the Fastest Connectivity Provider
• Positive Sentiment: Several analyst notes raised earnings expectations ahead of AT&T’s quarterly report, with KeyCorp increasing estimates across 2026 and 2027 and maintaining an Overweight rating, which signals confidence in the company’s profit outlook. KeyCorp estimate updates on AT&T
• Positive Sentiment: Coverage pieces arguing AT&T could beat upcoming earnings estimates may be helping sentiment, as investors often bid up shares when expectations rise ahead of results. AT&T Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: AT&T is also being viewed as relatively undervalued by some market commentary, with articles noting the stock may look inexpensive versus its fundamentals and long-term performance. AT&T Stock Still Looks Like A Bargain Despite Satellite Threat Fears
• Neutral Sentiment: The company is moving ahead with technology initiatives such as 5G drone sensing and H2O AI deployment, which may support longer-term differentiation but are not likely to move the stock immediately.
• Negative Sentiment: AT&T customers are set to face higher monthly charges due to a fee increase, which could pressure customer sentiment and raise concerns about churn or affordability. AT&T customers to pay more as monthly fee jumps
• Negative Sentiment: Recent analyst caution tied to Starlink and a Scotiabank price-target cut may be weighing on sentiment, as investors reassess long-term competition and valuation in telecom. Starlink threat causes Bernstein to cut AT&T PTs

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.