MFG Wealth Management Inc. Grows Position in AT&T Inc. $T

MFG Wealth Management Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 47.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,514 shares of the technology company’s stock after acquiring an additional 33,847 shares during the quarter. AT&T comprises about 1.5% of MFG Wealth Management Inc.’s portfolio, making the stock its 24th largest holding. MFG Wealth Management Inc.’s holdings in AT&T were worth $2,163,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tsfg LLC raised its position in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after purchasing an additional 366 shares during the period. Lifestyle Asset Management Inc. grew its holdings in shares of AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after purchasing an additional 370 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC increased its position in shares of 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 purchasing an additional 378 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key AT&T News

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

• Positive Sentiment: Expanded spectrum strengthens AT&T’s network outlook. AT&T completed its $23 billion acquisition of wireless spectrum licenses from EchoStar on July 28. The additional roughly 50 MHz of low- and mid-band spectrum covers more than 400 U.S. markets and should help the company handle traffic growth, improve reliability and support 5G performance. AT&T (T) Bulks Up Its Spectrum As SpaceX Fears Ease
• Positive Sentiment: Ericsson collaboration could accelerate customer benefits. Ericsson will provide 600 MHz dual-band radios to help AT&T deploy the newly acquired spectrum nationwide. The equipment is expected to improve coverage, capacity, call reliability and overall wireless performance, supporting AT&T’s competitiveness after recent pricing actions. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
• Positive Sentiment: Quantum-computing partnership highlights enterprise innovation. AT&T’s work with D-Wave produced a reported 240-fold improvement in a network-optimization application, potentially demonstrating practical uses for quantum computing. While not yet a major earnings driver, the project supports AT&T’s technology credentials and could improve operational efficiency over time. D-Wave Quantum Just Got a 240x Boost From AT&T
• Neutral Sentiment: New Plano headquarters signals a long-term corporate commitment. The former EDS “God Pod” in Plano is scheduled for demolition to make way for AT&T’s planned billion-dollar headquarters. The project may support employee consolidation and corporate visibility, but its direct effect on near-term financial results is limited. Old EDS “God Pod” to be Imploded for AT&T’s New Billion-Dollar HQ
• Negative Sentiment: Large spending commitments remain a risk. The spectrum purchase and AT&T’s broader plans to invest more than $250 billion in network infrastructure over five years could pressure free cash flow and leverage. Recent wireless price increases may help offset costs, but they also risk customer pushback in a competitive market. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Argus decreased their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

Shares of AT&T stock opened at $23.80 on Friday. The stock has a market capitalization of $163.10 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The business has a 50-day moving average of $22.54 and a 200 day moving average of $25.22. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’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 firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

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.