Nisa Investment Advisors LLC Boosts Stock Position in AT&T Inc. (NYSE:T)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after purchasing an additional 2,640,644 shares during the last quarter. GQG Partners LLC lifted its stake in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Norges Bank purchased a new position in shares of AT&T in the 4th quarter worth about $1,858,418,000. Finally, Northern Trust Corp boosted its holdings in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on T shares. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Barclays increased their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Royal Bank Of Canada increased their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.05.

AT&T Stock Down 0.6%

Shares of NYSE:T traded down $0.18 on Wednesday, hitting $28.11. 34,408,206 shares of the company traded hands, compared to its average volume of 36,439,503. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $27.83 and a 200-day simple moving average of $26.23. The company has a market cap of $202.27 billion, a PE ratio of 17.25, a PEG ratio of 4.67 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. AT&T's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's payout ratio is 68.10%.

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.