Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Stock Position in AT&T Inc. $T

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of AT&T Inc. (NYSE:T) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 435,024 shares of the technology company’s stock after acquiring an additional 44,280 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in AT&T were worth $10,806,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Financial & Tax Architects LLC increased its holdings in AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after purchasing an additional 356 shares during the period. Global Wealth Strategies & Associates lifted its holdings in shares of AT&T by 10.7% in the 3rd quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock worth $114,000 after buying an additional 390 shares during the period. Gentry Private Wealth LLC lifted its holdings in shares of AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after buying an additional 393 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 2.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after buying an additional 406 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its stake in shares of AT&T by 5.4% during the third quarter. Stockman Wealth Management Inc. now owns 8,061 shares of the technology company’s stock valued at $228,000 after buying an additional 415 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Key Stories Impacting AT&T

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

• Positive Sentiment: Scotiabank raised its price target to $31.50 and kept a “sector perform” rating—implies roughly mid‑single‑digit upside and some analyst confidence in near‑term fundamentals. Article Title
• Positive Sentiment: OneConnect launch—AT&T rolled out a bundled wireless + home internet subscription (OneConnect) designed to simplify billing and boost retention/ARPU for multi‑device households, potentially supporting share gains. Article Title
• Positive Sentiment: FirstNet/NG911 and emergency‑network win—AT&T committed up to $2B to upgrade the federal emergency network (FirstNet), a long‑duration commercial/government revenue stream that also supports 5G expansion and differentiation on public‑safety services. Article Title
• Positive Sentiment: Institutional/analyst backing—Goldman Sachs maintained a Buy on AT&T after OneConnect and Ariel Investments added T to a fund, signaling some investor conviction behind the strategy. Article Title
• Neutral Sentiment: Selective asset sales—AT&T sold wireline assets in Michigan’s Upper Peninsula to UP Fiber; this is a non‑core divestiture that trims legacy footprint but frees capital for core network investments. Article Title
• Negative Sentiment: Legacy plan price hikes and customer backlash—reports show AT&T is raising prices on some legacy unlimited plans; coverage describes confusion and negative customer reaction, which could hurt churn/PR in the near term. Article Title
• Negative Sentiment: Capex and competitive pressure remain headwinds—analyst pieces note that heavy network investment and intense competition could limit margin expansion and keep volatility in the stock despite subscriber gains. Article Title

AT&T Trading Down 2.3%

T opened at $28.32 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm has a market cap of $197.80 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.08 and a beta of 0.34. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The stock has a fifty day moving average price of $27.52 and a 200-day moving average price of $26.23.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Analysts Set New Price Targets

Several research firms recently weighed in on T. Sanford C. Bernstein decreased their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. TD Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Oppenheimer raised their target price on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. KeyCorp boosted their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Finally, Scotiabank upped their price target on shares of AT&T from $31.00 to $31.50 and gave the stock a “sector perform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.74.

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.