Resona Asset Management Co. Ltd. Has $62.66 Million Holdings in AT&T Inc. $T

Resona Asset Management Co. Ltd. reduced its stake in shares of AT&T Inc. (NYSE:T) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,523,763 shares of the technology company’s stock after selling 95,265 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in AT&T were worth $62,664,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tsfg LLC raised its stake in AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after purchasing an additional 366 shares during the last quarter. Aspire Growth Partners LLC raised its stake in AT&T by 1.1% during the 4th quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock valued at $914,000 after purchasing an additional 386 shares during the last quarter. Gentry Private Wealth LLC raised its stake in AT&T by 1.7% during the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after purchasing an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in AT&T by 2.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock valued at $419,000 after purchasing an additional 406 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its stake in AT&T by 1.6% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock valued at $700,000 after purchasing an additional 415 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on T. Oppenheimer upped their target price on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Finally, Williams Trading set a $32.00 price target on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

Shares of T opened at $24.44 on Tuesday. The stock has a market capitalization of $169.79 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.88 and a beta of 0.23. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a 50 day moving average of $26.86 and a 200-day moving average of $26.00. 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 issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. 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. As a group, equities research analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

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.