AT&T Inc. (NYSE:T) Shares Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. grew its holdings in AT&T Inc. (NYSE:T) by 47.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,080 shares of the technology company’s stock after buying an additional 141,720 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in AT&T were worth $14,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of T. BLB&B Advisors LLC lifted its position in AT&T by 19.7% in the fourth quarter. BLB&B Advisors LLC now owns 285,412 shares of the technology company’s stock worth $8,146,000 after buying an additional 47,051 shares during the last quarter. Oakbrook Investments LLC lifted its position in shares of AT&T by 7.5% during the fourth quarter. Oakbrook Investments LLC now owns 301,477 shares of the technology company’s stock worth $8,604,000 after purchasing an additional 21,052 shares during the last quarter. Butensky & Cohen Financial Security Inc. lifted its position in shares of AT&T by 0.7% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 61,929 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 429 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of AT&T by 66.7% during the fourth quarter. Meeder Asset Management Inc. now owns 227,407 shares of the technology company’s stock worth $6,490,000 after purchasing an additional 91,020 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its position in shares of AT&T by 0.6% during the fourth quarter. Patten & Patten Inc. TN now owns 453,524 shares of the technology company’s stock worth $12,944,000 after purchasing an additional 2,730 shares during the last quarter. 52.93% of the stock is owned by institutional investors and hedge funds.

T traded up $0.19 on Tuesday, hitting $33.68. The company had a trading volume of 7,165,083 shares, compared to its average volume of 32,354,234. The company has a fifty day simple moving average of $33.39. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $34.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market cap of $249.38 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 2.14 and a beta of 0.62.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The business had revenue of $44.96 billion during the quarter, compared to the consensus estimate of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, research analysts forecast that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Tuesday, July 9th. AT&T’s dividend payout ratio is presently 57.95%.

Several analysts have recently weighed in on T shares. Raymond James lifted their target price on AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley reiterated a “buy” rating and set a $37.00 target price on shares of AT&T in a research report on Thursday, August 1st. Cowen lifted their target price on AT&T from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Credit Suisse Group upgraded AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price for the company in a research report on Thursday, July 25th. Finally, ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. AT&T has an average rating of “Buy” and a consensus target price of $36.78.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total value of $137,419.60. Following the completion of the sale, the chief executive officer now owns 2,366 shares of the company’s stock, valued at $80,798.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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