After this morning's 1.8% surge to $26.62 per share, AT&T might just keep moving past its target price of $27.0. With an average analyst rating of buy, and target prices from $15.49 to $32.0, the stock's next move is anyone's guess.
AT&T's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.26. The company's insiders own 0.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 63.9%. In conclusion, we believe there is mixed market sentiment regarding AT&T.
Institutions Invested in AT&T
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 642,859,644 | $17,112,924,262 |
| 2024-12-31 | Blackrock Inc. | 8% | 546,906,322 | $14,558,646,750 |
| 2024-12-31 | State Street Corporation | 4% | 322,917,313 | $8,596,059,143 |
| 2024-12-31 | Newport Trust Company, LLC | 3% | 192,224,000 | $5,117,003,041 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 163,761,301 | $4,359,325,970 |
| 2024-12-31 | GQG Partners LLC | 1% | 96,779,385 | $2,576,267,309 |
| 2024-12-31 | Morgan Stanley | 1% | 96,738,375 | $2,575,175,623 |
| 2024-12-31 | Bank Of New York Mellon Corporation | 1% | 85,592,594 | $2,278,474,924 |
| 2024-12-31 | Norges Bank Investment Management | 1% | 81,616,938 | $2,172,642,958 |
| 2024-12-31 | Northern Trust Corporation | 1% | 78,148,354 | $2,080,309,249 |
