Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in AT&T Inc. $T

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,995,514 shares of the technology company’s stock after buying an additional 647,016 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AT&T were worth $368,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in T. Mountain Hill Investment Partners Corp. increased its holdings in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after acquiring an additional 702 shares in the last quarter. GGM Financials LLC acquired a new stake in AT&T in the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T during the 4th quarter worth approximately $26,000. Finally, OFI Invest Asset Management increased its stake in AT&T by 84.2% during the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after purchasing an additional 496,804 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on T. Sanford C. Bernstein decreased their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. KeyCorp upped their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Williams Trading set a $32.00 target price on AT&T in a research note on Thursday, January 29th. Wells Fargo & Company lowered their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Finally, Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Down 0.7%

T stock opened at $25.92 on Wednesday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a market cap of $180.10 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.96 and a beta of 0.23. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average of $27.48 and a two-hundred day moving average of $26.05.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

About AT&T

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.