Resona Asset Management Co. Ltd. Has $73.94 Million Stake in AT&T Inc. $T

Resona Asset Management Co. Ltd. raised its stake in shares of AT&T Inc. (NYSE:T) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,553,288 shares of the technology company’s stock after buying an additional 29,525 shares during the period. Resona Asset Management Co. Ltd.’s holdings in AT&T were worth $73,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC bought a new stake in AT&T during the fourth quarter worth approximately $26,000. Finally, Winnow Wealth LLC grew its holdings in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.1%

Shares of T stock opened at $21.06 on Thursday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The firm has a market cap of $146.33 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. The stock has a 50 day moving average of $23.57 and a 200-day moving average of $25.45. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced 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 net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the company posted $0.51 earnings per share. AT&T’s quarterly 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. On average, equities analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Scotiabank dropped their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, KeyCorp upped their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.68.

AT&T News Roundup

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

• Positive Sentiment: AT&T helped complete North America’s first in-field trial of enhanced 5G mobility features with Ericsson and MediaTek, which could improve network reliability and support future 5G service quality. Article: Ericsson, AT&T and MediaTek complete North America’s first in-field trial of enhanced mobility features
• Positive Sentiment: Several recent articles continue to frame AT&T as an undervalued dividend/value stock, which may attract income-focused investors. Article: Why AT&T (T) is a Top Value Stock for the Long-Term
• Neutral Sentiment: AT&T was mentioned in a carrier fraud-prevention collaboration with Verizon and T-Mobile, but the update appears more industry-wide than a direct near-term earnings catalyst. Article: Verizon (VZ) Launches Carrier Fraud Tool As SOVA Deal Expands Enterprise Reach
• Neutral Sentiment: Coverage around AT&T’s Build-A-Plan expansion and its California copper-network dispute highlights strategic execution and cost control, but these items are not immediate stock movers on their own. Article: Why AT&T’s (T) California Copper Fight Matters for Legacy Network Cost Control
• Negative Sentiment: Shares of telecom peers fell on renewed concern that SpaceX’s Starlink could add competitive pressure to traditional carriers like AT&T, keeping investors cautious about long-term wireless and broadband growth. Article: SpaceX’s Starlink Puts Verizon, AT&T, and T-Mobile Under the Microscope

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.