874,463 Shares in AT&T Inc. $T Bought by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. bought a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 874,463 shares of the technology company’s stock, valued at approximately $18,101,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 purchasing an additional 8,314,678 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the period. Norges Bank bought a new position in shares of AT&T during the 4th quarter valued at approximately $2,181,977,000. Bank of New York Mellon Corp raised its holdings in AT&T by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after buying an additional 2,559,065 shares during the period. Finally, GQG Partners LLC purchased a new stake in AT&T during the 2nd quarter valued at $1,223,364,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.77 on Wednesday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company has a market cap of $176.55 billion, a PE ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The business has a 50-day simple moving average of $22.93 and a two-hundred day simple moving average of $25.25.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (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 company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the firm posted $0.54 EPS. AT&T’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Argus dropped their target price on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company raised their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Scotiabank lowered their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.