Sumitomo Mitsui Trust Group Inc. Has $488.72 Million Holdings in AT&T Inc. $T

Key Points

• Sumitomo Mitsui Trust Group increased its stake in AT&T by 8.5% in Q4 to 19,674,784 shares worth $488.72 million, representing 0.28% of the company and contributing to institutional ownership of about 57.1%.
• AT&T beat Q4 expectations with $0.52 EPS (vs. $0.46 est.) and $33.47B revenue (vs. $32.91B est.), and set FY2026 guidance of 2.250–2.350 EPS.
• AT&T announced a quarterly dividend of $0.2775 (annualized $1.11, a 4.2% yield), and analysts have an average rating of "Moderate Buy" with a consensus price target of $30.74.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,674,784 shares of the technology company's stock after acquiring an additional 1,541,730 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of AT&T worth $488,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in AT&T by 0.8% during the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company's stock worth $9,143,407,000 after acquiring an additional 2,704,536 shares during the period. Capital Research Global Investors boosted its position in AT&T by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock worth $1,852,765,000 after acquiring an additional 370,455 shares during the period. Invesco Ltd. boosted its position in AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock worth $1,632,932,000 after acquiring an additional 4,584,316 shares during the period. Ameriprise Financial Inc. boosted its position in AT&T by 8.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company's stock worth $1,598,697,000 after acquiring an additional 4,404,688 shares during the period. Finally, Legal & General Group Plc boosted its position in AT&T by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company's stock worth $1,371,322,000 after acquiring an additional 691,221 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 1.4%

T opened at $26.47 on Friday. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The business has a 50-day moving average of $28.01 and a 200-day moving average of $26.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market capitalization of $184.88 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same period last year, the business earned $0.43 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, April 10th. AT&T's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on T shares. Oppenheimer raised their price objective on AT&T from $29.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, January 26th. The Goldman Sachs Group cut their price target on AT&T from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, December 19th. Finally, TD Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus price target of $30.74.

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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