590,868 Shares in AT&T Inc. $T Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 590,868 shares of the technology company’s stock, valued at approximately $12,231,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of AT&T during the 2nd quarter valued at $2,310,898,000. Norges Bank purchased a new position in AT&T during the fourth quarter valued at approximately $2,181,977,000. GQG Partners LLC bought a new position in AT&T in the 2nd quarter worth $1,223,364,000. Legal & General Group Plc purchased a new stake in shares of AT&T during the second quarter worth about $960,695,000. Finally, Amundi grew its holdings in AT&T by 67.5% during the 3rd 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 in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank reduced their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Barclays dropped their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Argus dropped their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Down 1.9%

NYSE:T opened at $25.70 on Friday. The company’s fifty day moving average price is $23.49 and its 200-day moving average price is $25.16. The firm has a market capitalization of $176.11 billion, a P/E ratio of 8.51, a PEG ratio of 1.30 and a beta of 0.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last issued its earnings results 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 return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue 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 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. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

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.