Mitsubishi UFJ Trust & Banking Corp Sells 1,288,390 Shares of AT&T Inc. $T

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its AT&T stake by 20.6%, selling 1,288,390 shares and leaving 4,967,958 shares (about 0.07% of AT&T) valued at roughly $123.4M.
• AT&T beat quarterly EPS and revenue expectations and said the Lumen integration is ahead of schedule, guiding FY2026 EPS to $2.25–$2.35 with analysts' average price target near $30.70.
• AT&T declared a quarterly dividend of $0.2775 (around a 4.3% yield), but declining free cash flow from ramped fiber investment and reports of a very large multi‑decade capex plan (~$250B) have raised concerns about dividend sustainability.

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in AT&T Inc. (NYSE:T - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,967,958 shares of the technology company's stock after selling 1,288,390 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of AT&T worth $123,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Amundi raised its holdings in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company's stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Woodline Partners LP increased its position in AT&T by 931.4% in the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company's stock worth $226,702,000 after buying an additional 7,249,373 shares during the last quarter. SG Americas Securities LLC increased its position in AT&T by 222.7% in the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company's stock worth $170,076,000 after buying an additional 4,725,382 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of AT&T by 23.2% in the third quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company's stock valued at $691,111,000 after buying an additional 4,613,259 shares during the period. Finally, Invesco Ltd. lifted its position in shares of AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock valued at $1,632,932,000 after buying an additional 4,584,316 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Key Stories Impacting AT&T

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

• Positive Sentiment: Quarterly results topped expectations and the Lumen integration is running ahead of schedule, supporting near-term operational momentum. AT&T Delivered A Double Beat, And The Lumen Integration Is Ahead Of Schedule
• Positive Sentiment: High dividend yield (about 4.2%) keeps income investors interested; AT&T was listed among top Fortune 500 dividend stocks even as Scotiabank trimmed its price target slightly. AT&T (T) – Among the 10 Best Fortune 500 Dividend Stocks to Invest in Right Now
• Positive Sentiment: Management is rolling out offers and a OneConnect bundle intended to slow customer losses — if successful, this would stabilize wireless revenue and reduce churn. AT&T bets on OneConnect bundle to curb rising churn
• Positive Sentiment: Coverage pieces note management’s push to restore loyalty with new offers and strategy changes that could slow subscriber losses if execution holds. AT&T CEO hopes new offers will restore customer loyalty
• Neutral Sentiment: Former AT&T VP Jen Asplund joined MCE Systems’ advisory board, potentially deepening vendor relationships but unlikely to move AT&T’s stock materially. Ex-AT&T Veteran Jen Asplund Joins MCE Systems’ Advisory Board to Advance Customer Care Growth in North America
• Negative Sentiment: Free cash flow declined significantly last quarter as AT&T ramps fiber investment — this raises questions about dividend sustainability and near-term cash returns to shareholders. AT&T's Free Cash Flow Declined Significantly Last Quarter. Is Its Dividend Still Safe?
• Negative Sentiment: Reports of a very large multi-decade network spending commitment (reported as $250B) alarm investors because heavy capex can depress free cash flow and pressure the dividend if returns are slow to materialize. AT&T commits $250B to expand U.S. network and curb churn

AT&T Stock Down 2.5%

Shares of NYSE T opened at $25.54 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market cap of $178.37 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.98 and a beta of 0.34. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The business has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $26.04.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating 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 firm 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 business posted $0.51 earnings per share. The company's revenue was up 2.9% 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 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on T. BNP Paribas Exane decreased their price objective on AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company dropped their price objective on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, January 26th. KeyCorp increased their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of AT&T in a research report on Monday, December 29th. Finally, Arete Research upgraded shares of AT&T from a "sell" rating to a "neutral" rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $30.70.

AT&T Company 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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