Nissay Asset Management Corp Japan ADV Has $25.66 Million Position in AT&T Inc. $T

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in AT&T by 1.2%, acquiring 11,170 additional shares, bringing its total holdings to 907,402 shares worth approximately $25.66 million.
• AT&T recently announced a quarterly dividend of $0.2775 per share, reflecting an annualized amount of $1.11 and a dividend yield of 3.8%.
• Analysts currently have an average target price of $30.55 for AT&T, with ratings varying from "Strong Buy" to "Sell" among different research firms.

Nissay Asset Management Corp Japan ADV boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 907,402 shares of the technology company's stock after acquiring an additional 11,170 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in AT&T were worth $25,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the 4th quarter valued at $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the 4th quarter valued at $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T in the 1st quarter valued at $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the 4th quarter valued at $27,000. Finally, Hager Investment Management Services LLC increased its stake in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on T shares. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Scotiabank lifted their price target on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. The Goldman Sachs Group began coverage on AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, UBS Group reissued a "buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $30.55.

AT&T Price Performance

Shares of NYSE T traded down $0.02 during mid-day trading on Friday, hitting $29.57. 25,102,560 shares of the stock traded hands, compared to its average volume of 27,138,470. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a twelve month low of $20.65 and a twelve month high of $29.79. The company has a market cap of $211.40 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.66 and a beta of 0.44. The firm has a 50 day simple moving average of $28.23 and a two-hundred day simple moving average of $27.64.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.8%. AT&T's payout ratio is presently 63.07%.

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.