AT&T shares rose 1.9% this morning to a price of $22.68. The stock is still trading within range of its average target price of $23.28, and over the last 52 weeks, it has recorded a 40.9% performance. Analysts have given the Large-Cap Communication Equipment stock target prices ranging from $13.0 to $30.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.6%, and a short ratio of 3.58. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 62.3% of AT&T's shares being owned by this investor type.
Institutions Invested in AT&T
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 636,639,202 | $14,438,977,295 |
| 2024-09-30 | Blackrock Inc. | 8% | 553,978,546 | $12,564,233,592 |
| 2024-09-30 | State Street Corporation | 4% | 316,084,433 | $7,168,795,036 |
| 2024-09-30 | Newport Trust Company, LLC | 3% | 194,304,321 | $4,406,822,059 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 161,120,657 | $3,654,216,549 |
| 2024-06-30 | Morgan Stanley | 1% | 88,464,428 | $2,006,373,254 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 1% | 79,943,317 | $1,813,114,453 |
| 2024-06-30 | Arrowstreet Capital, Limited Partnership | 1% | 75,497,254 | $1,712,277,743 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 71,844,078 | $1,629,423,710 |
| 2024-09-30 | GQG Partners LLC | 1% | 70,498,519 | $1,598,906,432 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on AT&T.
