AT&T Inc. (NYSE:T) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in AT&T Inc. (NYSE:T) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,701 shares of the technology company’s stock after buying an additional 8,433 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AT&T were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after buying an additional 34,189,954 shares in the last quarter. FMR LLC grew its position in AT&T by 130.5% in the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after acquiring an additional 32,558,342 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of AT&T by 38.0% during the third quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after purchasing an additional 9,518,478 shares during the period. Barclays PLC lifted its position in shares of AT&T by 30.6% during the third quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock worth $393,931,000 after purchasing an additional 6,137,909 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of AT&T by 43.0% in the third quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after purchasing an additional 4,432,136 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 1.4 %

T stock traded down $0.23 during midday trading on Thursday, reaching $16.58. The company had a trading volume of 22,429,508 shares, compared to its average volume of 39,118,984. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $118.59 billion, a P/E ratio of 8.44, a PEG ratio of 2.49 and a beta of 0.57. The company has a 50 day moving average of $16.98 and a two-hundred day moving average of $16.54. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on T shares. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Scotiabank increased their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday. Citigroup lifted their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Tigress Financial increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.