Tokio Marine Asset Management Co. Ltd. Has $5.84 Million Stake in AT&T Inc. (NYSE:T)

Tokio Marine Asset Management Co. Ltd. trimmed its position in AT&T Inc. (NYSE:T) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,187 shares of the technology company’s stock after selling 15,923 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AT&T were worth $5,844,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. grew its position in shares of AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares during the period. Westover Capital Advisors LLC grew its position in shares of AT&T by 4.0% during the 1st quarter. Westover Capital Advisors LLC now owns 74,969 shares of the technology company’s stock worth $3,115,000 after buying an additional 2,854 shares during the period. PVG Asset Management Corp acquired a new position in shares of AT&T during the 1st quarter worth about $4,072,000. Kovitz Investment Group Partners LLC grew its position in shares of AT&T by 10.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 10,457 shares of the technology company’s stock worth $434,000 after buying an additional 973 shares during the period. Finally, Security National Bank of SO Dak grew its position in shares of AT&T by 7.7% during the 1st quarter. Security National Bank of SO Dak now owns 24,480 shares of the technology company’s stock worth $1,017,000 after buying an additional 1,743 shares during the period. Hedge funds and other institutional investors own 55.75% of the company’s stock.

Several brokerages recently issued reports on T. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective for the company. in a research report on Friday, October 6th. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. KeyCorp boosted their price objective on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 11th. Finally, Scotiabank set a $40.00 price objective on AT&T and gave the company a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $42.33.

AT&T Inc. (NYSE:T) traded up $0.01 during midday trading on Wednesday, reaching $37.45. The company’s stock had a trading volume of 41,417,371 shares, compared to its average volume of 28,320,000. The company has a market cap of $229,910.00, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down .4% compared to the same quarter last year. sell-side analysts forecast that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.34%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 96.15%.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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