SBI Securities Co. Ltd. Has $14.97 Million Stock Holdings in AT&T Inc. (NYSE:T)

SBI Securities Co. Ltd. decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 529,321 shares of the technology company's stock after selling 10,363 shares during the quarter. SBI Securities Co. Ltd.'s holdings in AT&T were worth $14,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC acquired a new position in AT&T in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $27,000. Core Alternative Capital boosted its stake in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of AT&T during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T traded down $0.29 during midday trading on Tuesday, hitting $26.88. The stock had a trading volume of 11,597,834 shares, compared to its average volume of 36,391,944. The company has a market capitalization of $193.38 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 3.37 and a beta of 0.42. 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 company's 50-day moving average price is $27.82 and its 200-day moving average price is $26.38. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results 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). 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 period last year, the firm posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.13%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on T. Scotiabank raised their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a report on Friday. TD Securities raised their price target 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. Williams Trading set a $30.00 price target on shares of AT&T in a report on Thursday, April 24th. Oppenheimer raised their price target on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $29.12.

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.