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flag AT&T's Q2 earnings met expectations, but major investors reduced their stakes.

flag In the second quarter, Johnson Financial Group, Florida Retirement System, and Korea Investment CORP reduced their stakes in AT&T, with the latter selling 142,652 shares. flag AT&T reported second-quarter earnings of $0.54 per share, meeting expectations, with revenue of $30.71 billion, up 1.7% year-over-year. flag The stock, trading at $25.86, has a market cap of $183.3 billion, a dividend yield of 4.3%, and a consensus "Moderate Buy" rating with a target price of $30.64. flag Analysts project full-year earnings of $2.14 per share.

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