Nomura Asset Management Co. Ltd. Boosts Stock Holdings in AT&T Inc. (NYSE:T)

Nomura Asset Management Co. Ltd. boosted its position in shares of AT&T Inc. (NYSE:T) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,813,545 shares of the technology company’s stock after buying an additional 40,948 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in AT&T were worth $64,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Suvretta Capital Management LLC increased its holdings in AT&T by 4.5% in the 3rd quarter. Suvretta Capital Management LLC now owns 2,285,336 shares of the technology company’s stock worth $50,277,000 after acquiring an additional 98,450 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of AT&T by 20.1% during the third quarter. Icon Wealth Advisors LLC now owns 61,330 shares of the technology company’s stock worth $1,349,000 after purchasing an additional 10,281 shares in the last quarter. Point72 Europe London LLP raised its position in shares of AT&T by 275.8% during the 3rd quarter. Point72 Europe London LLP now owns 654,974 shares of the technology company’s stock worth $14,409,000 after purchasing an additional 480,674 shares during the last quarter. L.M. Kohn & Company lifted its stake in AT&T by 47.8% in the 3rd quarter. L.M. Kohn & Company now owns 28,693 shares of the technology company’s stock valued at $631,000 after buying an additional 9,278 shares in the last quarter. Finally, Acropolis Investment Management LLC boosted its holdings in AT&T by 77.1% in the 3rd quarter. Acropolis Investment Management LLC now owns 22,881 shares of the technology company’s stock worth $503,000 after buying an additional 9,961 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.0 %

Shares of NYSE:T opened at $28.20 on Friday. The company has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.51. The business has a 50-day moving average price of $25.70 and a 200 day moving average price of $23.51. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

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.