The Manufacturers Life Insurance Company Acquires Shares of 4,947,640 AT&T Inc. $T

The Manufacturers Life Insurance Company acquired a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,947,640 shares of the technology company’s stock, valued at approximately $102,416,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of AT&T during the fourth quarter worth about $2,181,977,000. GQG Partners LLC acquired a new stake in AT&T in the second quarter valued at about $1,223,364,000. Amundi lifted its position in 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 purchasing an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. boosted its holdings in AT&T by 620.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 valued at $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

Shares of T opened at $25.88 on Thursday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $177.34 billion, a P/E ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. The firm’s 50-day moving average is $23.00 and its two-hundred day moving average is $25.24.

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, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a report on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Scotiabank reduced their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. One 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 assigned a Sell rating to the stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.19.

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.