AT&T Inc. (NYSE:T) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 89.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,004,508 shares of the technology company's stock after acquiring an additional 1,414,413 shares during the period. Nisa Investment Advisors LLC's holdings in AT&T were worth $84,967,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Core Alternative Capital grew its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $27,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in AT&T in the fourth quarter worth approximately $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

T stock traded down $0.20 on Thursday, hitting $27.63. The company's stock had a trading volume of 11,381,791 shares, compared to its average volume of 36,375,910. The firm has a 50 day moving average of $27.84 and a two-hundred day moving average of $26.24. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19. The stock has a market cap of $198.78 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.53 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Tigress Financial lifted 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. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.10.

AT&T 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.