AT&T Inc. (NYSE:T) Holdings Lifted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of AT&T Inc. (NYSE:T) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,635 shares of the technology company’s stock after buying an additional 7,981 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in AT&T were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vantage Financial Partners LLC boosted its stake in AT&T by 25.5% during the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after buying an additional 7,762 shares in the last quarter. Gilbert & Cook Inc. grew its position in AT&T by 4.1% in the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after buying an additional 1,212 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in shares of AT&T by 4.5% in the fourth quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in shares of AT&T by 21.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock valued at $477,000 after acquiring an additional 4,870 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of AT&T by 7.8% during the 4th quarter. Brown Advisory Inc. now owns 242,324 shares of the technology company’s stock worth $4,066,000 after acquiring an additional 17,601 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Citigroup boosted their target price on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday. The Goldman Sachs Group began coverage on shares of AT&T in a report on Monday, July 1st. They issued a “buy” rating and a $22.00 target price for the company. UBS Group reissued a “buy” rating and issued a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. Finally, Barclays upped their price target on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Hold” and an average target price of $22.31.

AT&T Trading Down 0.2 %

NYSE T opened at $21.74 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $14.12 and a 1-year high of $22.34. The firm’s fifty day simple moving average is $19.78 and its 200-day simple moving average is $18.28. The company has a market capitalization of $155.84 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 3.68 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.11%. The ex-dividend date was Wednesday, July 10th. AT&T’s payout ratio is presently 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.