Baird Financial Group Inc. Decreases Holdings in AT&T Inc. $T

Baird Financial Group Inc. lowered its position in AT&T Inc. (NYSE:T) by 11.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 931,242 shares of the technology company’s stock after selling 119,947 shares during the period. Baird Financial Group Inc.’s holdings in AT&T were worth $19,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lifestyle Asset Management Inc. raised its position in AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after acquiring an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in shares of AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake 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 in the last quarter. Rockline Wealth Management LLC increased its stake 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 in the last quarter. Finally, Camden National Bank increased its stake in shares of AT&T by 1.5% during the 4th quarter. Camden National Bank now owns 26,191 shares of the technology company’s stock worth $651,000 after purchasing an additional 382 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on T. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Barclays reduced their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Finally, Argus decreased their price objective 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. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

Shares of T opened at $26.05 on Friday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $25.07. The company has a market capitalization of $178.48 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.27 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the previous year, the company earned $0.54 EPS. AT&T’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. On average, sell-side analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors 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 yield of 4.3%. AT&T’s dividend payout ratio is 36.75%.

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

AT&T Profile

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.