David Taylor Purchases AT&T Shares Amid Institutional Activity
David Taylor, a House member, bought AT&T stock valued between $1,001 and $15,000.
Key Points
- David Taylor, a House member, bought AT&T shares valued between $1,001 and $15,000, reported on June 15, 2026.
- AT&T has a market cap of $163.8 billion, a P/E ratio of 7.76, and trades near $23.58.
- BlackRock reduced its AT&T holdings by 8.9 million shares, while Geode Capital added 4 million shares.
David Taylor vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
On June 5, 2026, David Taylor, a member of the U.S. House of Representatives, purchased shares of AT&T Inc. (NYSE:T). The transaction, reported on June 15, 2026, was valued between $1,001 and $15,000. This is part of the periodic disclosures required under the STOCK Act, which aims to promote transparency in congressional stock trades.
Other Institutional Activity in AT&T
BlackRock, Inc. trimmed its AT&T holdings by 8.9 million shares, bringing its total to about 561 million shares worth approximately $16.3 billion. Meanwhile, Geode Capital Management, LLC increased its position by 4 million shares, ending with 175 million shares valued at around $5.1 billion. State Street Corp also reduced its stake by 16.3 million shares, holding 316 million shares worth about $9.2 billion.
AT&T Stock Snapshot
Shares of AT&T Inc. (NYSE:T) are trading near $23.58. The company boasts a market cap of $163.8 billion and a P/E ratio of 7.76. Its beta is relatively low at 0.395, indicating less volatility compared to the market. The stock has traded between $22.32 and $29.79 over the past year, with a 50-day moving average of $25.29 and a 200-day moving average of $26.20. AT&T maintains a current ratio of 0.918 and a quick ratio of 0.523, with a debt-to-equity ratio of 125.175.
Recent Earnings
AT&T reported revenue of $126.5 billion, reflecting a growth rate of 2.9%. The company achieved an EPS of $3.04, with a net margin of 16.94% and a return on equity of 18.37%. The next earnings release is scheduled for July 22, 2026.
Dividend
AT&T offers an annual dividend rate of $1.11 per share, yielding 4.71% based on current prices. The dividend payout ratio stands at 36.51%.
Insider Buying and Selling at AT&T Inc.
Several insiders made notable purchases on May 29, 2026. Beth Mooney, Stephen Luczo, Cindy Taylor, and Kelly Grier each bought 9,274 shares at an average price of $24.80. Additionally, Lori Lee, Global Marketing Officer & SEVP International, acquired 227 shares, while Jeffery McElfresh, the Chief Operating Officer, purchased 504 shares.
Analysts Set New Price Targets
On June 12, 2026, Freedom Broker initiated coverage of AT&T with a 'buy' rating and a $30 price target. RBC Capital reiterated its 'buy' rating on May 20, 2026, with a $31 target. The consensus among analysts is a 'buy' rating, with an average price target of $30.28 based on 23 opinions.
About AT&T
AT&T Inc., headquartered in Dallas, Texas, is a leading provider of telecommunications and technology services. The company operates through its Communications and Latin America segments, offering wireless voice and data services, broadband, and a range of communication solutions. Led by CEO John T. Stankey, AT&T employs over 132,000 people worldwide.
Bottom Line
David Taylor's purchase of AT&T shares highlights the ongoing interest in the telecom giant. With a solid market position and significant institutional activity, AT&T continues to attract attention. It's important to note that these stock trades are reported after the fact and may not indicate current holdings.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.