AT&T INC.
At today's price, AT&T INC. (T) is priced for today's economics sustained for ~7.2 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• AT&T pairs a mature wireless base (56% of revenue) with a fiber growth engine the 10-K calls the driver of broadband demand ⟦expansion of our fiber and AIA serviceable locations will drive greater demand for broadband services⟧ [FY2025 10-K, accession 0000732717-26-000120], generating $19.4B of trailing free cash flow against a $148.5B market value. • The biggest risk is the $131B net debt stack at 3.6x interest coverage, about to absorb a roughly $23B spectrum purchase, which makes the equit
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2,893 institutional managers reported holding T in 13F filings for the quarter ended 2026-03-31. Together they hold about 64% of the company; the top 10 hold 34%. 247 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 125.4M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
T has cut its share count 26.1% over the past five years, spending $5.82B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $1.11 a share annually. Cash returned over the past three years: $20.43B in dividends and $4.72B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at T over the trailing three years: 2023: 1 buy totaling $972k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
T's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -2.0% | +4.0% |
| 2023-11-01 | +7.4% | +10.7% |
| 2024-02-24 | -0.0% | -0.4% |
| 2024-05-03 | +0.5% | +11.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
T's latest 8-K filings: 2026-06-16 (items 5.02, 9.01); 2026-05-20 (items 5.02, 5.03, 5.07, 9.01); 2026-04-30 (items 8.01, 9.01); 2026-04-22 (items 2.02, 9.01); 2026-04-22 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.