Asset Management One Co. Ltd. Has $103.34 Million Holdings in AT&T Inc. $T

Asset Management One Co. Ltd. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,659,348 shares of the technology company’s stock after selling 38,996 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of AT&T worth $103,340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Front Row Advisors LLC acquired a new stake in AT&T during the 2nd quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T in the 2nd quarter worth $26,000. Solstein Capital LLC grew its stake in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares during the period. Kennebec Savings Bank grew its stake in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the period. Finally, Curio Wealth LLC increased its holdings in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on T shares. Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Tuesday, November 11th. Finally, Loop Capital set a $29.00 price target on shares of AT&T in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.24.

AT&T Stock Down 1.2%

Shares of T stock opened at $24.54 on Friday. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $25.00 and a 200-day moving average of $26.90. The company has a market capitalization of $174.00 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 1.31 and a beta of 0.39.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

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.