Meiji Yasuda Asset Management Co Ltd. Invests $1.23 Million in AT&T Inc. $T

Meiji Yasuda Asset Management Co Ltd. acquired a new position in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,575 shares of the technology company’s stock, valued at approximately $1,233,000.

Several other large investors have also recently added to or reduced their stakes in T. Norges Bank acquired a new position in shares of AT&T during the fourth quarter valued at approximately $2,181,977,000. GQG Partners LLC bought a new stake in shares of AT&T in the 2nd quarter worth $1,223,364,000. Amundi lifted its holdings in shares of AT&T by 67.5% in the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after buying an additional 10,241,949 shares during the period. Finally, State Street Corp boosted its stake in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 0.3%

T stock opened at $25.77 on Wednesday. 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 firm has a market capitalization of $176.55 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company’s 50 day simple moving average is $22.93 and its 200-day simple moving average is $25.25.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s 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. As a group, equities research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s payout ratio is 36.75%.

Analyst Ratings Changes

Several equities research analysts have commented on T shares. Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research note on Wednesday, July 22nd. Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Finally, TD Cowen upped their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

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.