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

Key Points

• Mitsubishi UFJ Asset Management increased its AT&T stake by 6.6% in the second quarter, adding 1.06 million shares to hold 17.04 million shares valued at approximately $352.7 million. Institutional investors collectively own 57.1% of AT&T.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $29.19. Recent target changes ranged from $25 to $33.
• AT&T exceeded quarterly earnings expectations with EPS of $0.65 versus $0.59 expected, while revenue rose 2.3% year over year to $31.56 billion. The company pays a quarterly dividend of $0.2775 per share, equal to a 4.4% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. owned 0.25% of AT&T worth $352,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Vanguard Group Inc. raised its stake in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares during the period. State Street Corp boosted its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE increased its stake in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Norges Bank purchased a new position in shares of AT&T in the fourth quarter worth about $2,181,977,000. Finally, Bank of New York Mellon Corp raised its position in shares of AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock valued at $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on T. Argus reduced their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. Morgan Stanley lifted their price target on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Stock Performance

AT&T stock opened at $25.33 on Friday. The firm's 50 day simple moving average is $22.83 and its 200 day simple moving average is $25.27. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $173.57 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Trending Headlines about AT&T

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.

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