AT&T Inc. (NYSE:T) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV trimmed its stake in shares of AT&T Inc. (NYSE:T) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 896,232 shares of the technology company’s stock after selling 1,882 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in AT&T were worth $20,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in T. Minot DeBlois Advisors LLC bought a new position in AT&T in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC increased its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter valued at $34,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Scotiabank restated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Finally, Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Trading Down 2.1%

NYSE T opened at $26.43 on Wednesday. AT&T Inc. has a twelve month low of $17.11 and a twelve month high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market cap of $190.18 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.00 and a beta of 0.42. The firm’s 50 day moving average price is $27.16 and its two-hundred day moving average price is $24.81.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.