Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in AT&T Inc. $T

Key Points

• Mitsubishi UFJ Trust & Banking increased its AT&T position by 11.7% in the second quarter, adding 595,735 shares to own 5.68 million shares valued at approximately $117.6 million.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains an annualized dividend of $1.11 per share, yielding about 4.4%.
• Analysts have a Moderate Buy consensus with an average price target of $29.19, supported by optimism around fiber, advanced connectivity and AI-related efficiency initiatives, though slow growth remains a concern.

Mitsubishi UFJ Trust & Banking Corp lifted its position in AT&T Inc. (NYSE:T - Free Report) by 11.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,681,880 shares of the technology company's stock after purchasing an additional 595,735 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of AT&T worth $117,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC bought a new stake in AT&T during the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the 4th quarter worth $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at $26,000. Finally, Winnow Wealth LLC raised its holdings in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reportedly reduced expenses for coding and other advanced AI tasks by as much as 56% by routing workloads to lower-cost models and using open-source technology. The reported quality decline was only about 2%, suggesting a meaningful opportunity to improve efficiency and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Positive Sentiment: AT&T partnered with, and invested in, Hark to support AI-native consumer devices through network connectivity, device certification and infrastructure. The deal could create future wireless demand and position AT&T to participate in emerging AI hardware markets, although near-term financial benefits are unclear. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: Coverage points to continued momentum in AT&T’s Advanced Connectivity segment, supported by fiber expansion, customer convergence and rising demand for networks capable of handling AI workloads. Sustained execution could provide a growth catalyst beyond the company’s traditional wireless operations. T Rides on Strength in Advanced Connectivity Segment
• Neutral Sentiment: One analysis argues that AT&T is outperforming several telecom peers but that its valuation does not fully reflect that performance, potentially supporting further appreciation if operating results remain strong. The Peer-Group Mispricing Sitting On T Stock
• Negative Sentiment: Dividend-focused commentary notes that AT&T’s approximately 4.5% yield is attractive, but argues that growth will likely remain slow and that increasing average revenue per customer is an important—and limited—route to stronger results. Yielding 4.5%, Should Dividend Stock Investors Buy AT&T Stock?

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Morgan Stanley boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. TD Cowen upped their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Oppenheimer downgraded shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective on the stock in a report on Thursday, July 23rd. 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 given a Sell rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Price Performance

T opened at $25.21 on Friday. The firm has a market capitalization of $172.75 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The business's 50-day moving average is $22.79 and its two-hundred day moving average is $25.27. 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 the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

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.

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