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

Asset Management One Co. Ltd. boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,571,985 shares of the technology company's stock after purchasing an additional 132,260 shares during the period. Asset Management One Co. Ltd.'s holdings in AT&T were worth $101,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in AT&T in the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $27,000. Ball & Co Wealth Management Inc. purchased a new position in shares of AT&T during the 4th quarter valued at approximately $30,000. Finally, REAP Financial Group LLC grew its stake in AT&T by 115.2% in the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock valued at $31,000 after acquiring an additional 727 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 1.2%

Shares of T stock traded down $0.35 on Wednesday, reaching $27.93. 24,154,594 shares of the stock were exchanged, compared to its average volume of 36,467,475. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 4.00 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The business's 50 day moving average price is $27.57 and its 200 day moving average price is $25.86. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period last year, the business earned $0.55 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on T shares. TD Securities increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Evercore ISI boosted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Finally, Oppenheimer upped their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.76.

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.