Mitsubishi UFJ Asset Management Co. Ltd. Purchases 647,016 Shares of AT&T Inc. $T

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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. owned 0.21% of AT&T worth $368,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AT&T by 1.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,010,475 shares of the technology company's stock worth $25,100,000 after purchasing an additional 9,722 shares during the period. Cresta Advisors Ltd. bought a new stake in AT&T during the 4th quarter worth approximately $26,000. RNC Capital Management LLC raised its stake in AT&T by 0.9% during the 4th quarter. RNC Capital Management LLC now owns 2,184,882 shares of the technology company's stock worth $54,272,000 after acquiring an additional 18,500 shares during the period. Alta Wealth Advisors LLC lifted its holdings in AT&T by 14.5% during the fourth quarter. Alta Wealth Advisors LLC now owns 8,791 shares of the technology company's stock valued at $218,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Falcon Wealth Planning boosted its position in shares of AT&T by 10.3% in the fourth quarter. Falcon Wealth Planning now owns 9,014 shares of the technology company's stock worth $224,000 after purchasing an additional 844 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group reissued a "buy" rating on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer upped their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. TD Cowen reiterated a "hold" rating on shares of AT&T in a research note on Thursday, January 29th. Wells Fargo & Company lowered their price objective on AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, January 26th. Finally, KeyCorp upped their price objective on AT&T from $30.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.55.

AT&T Price Performance

Shares of NYSE:T opened at $25.92 on Wednesday. The firm has a market cap of $180.10 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.96 and a beta of 0.23. The firm has a fifty day moving average price of $27.48 and a 200 day moving average price of $26.05. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion for the quarter, compared to analysts' expectations of $31.29 billion. During the same period in the prior year, the firm earned $0.51 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

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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