AT&T Inc. (NYSE:T) Stake Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in AT&T Inc. (NYSE:T - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,813,545 shares of the technology company's stock after acquiring an additional 40,948 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in AT&T were worth $64,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new position in AT&T in the 4th quarter worth approximately $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE:T traded up $0.20 during midday trading on Tuesday, reaching $28.48. 17,501,218 shares of the company traded hands, compared to its average volume of 36,174,500. The firm has a market capitalization of $204.40 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average price of $25.82 and a 200 day moving average price of $23.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.56.

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AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.90%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

About AT&T

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.