Mitsubishi UFJ Asset Management Co. Ltd. Buys 1,059,960 Shares of AT&T Inc. $T

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AT&T Inc. (NYSE:T) by 6.6% during the second quarter, HoldingsChannel reports. The firm owned 17,037,701 shares of the technology company’s stock after buying an additional 1,059,960 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AT&T were worth $352,680,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Plato Investment Management Ltd grew its stake in AT&T by 37.3% in the 2nd quarter. Plato Investment Management Ltd now owns 265,822 shares of the technology company’s stock worth $5,470,000 after buying an additional 72,235 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of AT&T by 20.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 5,412 shares of the technology company’s stock worth $112,000 after buying an additional 930 shares during the last quarter. Simplicity Wealth LLC raised its position in shares of AT&T by 52.0% during the 2nd quarter. Simplicity Wealth LLC now owns 98,102 shares of the technology company’s stock valued at $2,031,000 after buying an additional 33,556 shares in the last quarter. Trivium Point Advisory LLC raised its position in shares of AT&T by 30.5% during the 2nd quarter. Trivium Point Advisory LLC now owns 64,208 shares of the technology company’s stock valued at $1,329,000 after buying an additional 14,998 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of AT&T by 7.5% during the 2nd quarter. Continuum Advisory LLC now owns 43,493 shares of the technology company’s stock worth $900,000 after acquiring an additional 3,043 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on T shares. Morgan Stanley upped their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Scotiabank dropped their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Up 0.7%

Shares of NYSE:T opened at $25.33 on Friday. The stock’s 50-day moving average price is $22.83 and its 200-day moving average price is $25.27. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The stock has a market capitalization of $173.57 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is 36.75%.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.