Sumitomo Mitsui Trust Group Inc. Decreases Stock Position in AT&T Inc. $T

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of AT&T Inc. (NYSE:T) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,777,488 shares of the technology company’s stock after selling 897,296 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AT&T were worth $544,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tsfg LLC lifted its position in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after buying an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after buying an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after buying an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC increased its stake in AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after acquiring an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $21.06 on Thursday. The company has a market cap of $146.33 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.86 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The business’s 50 day moving average price is $23.57 and its 200-day moving average price is $25.45. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

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

More AT&T News

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. KeyCorp boosted their price target 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. Barclays decreased their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.68.

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.