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

Resona Asset Management Co. Ltd. boosted 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 filing with the Securities and Exchange Commission. The firm 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 reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in AT&T during the 4th quarter valued at $2,181,977,000. Amundi raised its position in AT&T by 67.5% during 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. raised its position in AT&T by 620.8% during 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. State Street Corp lifted its stake in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after acquiring an additional 8,297,201 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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

Analyst Ratings Changes

Several research firms have weighed in on T. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.68.

AT&T Stock Performance

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

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share 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%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed 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. This represents a $1.11 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

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.