Tokio Marine Asset Management Co. Ltd. Purchases 8,433 Shares of AT&T Inc. (NYSE:T)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of AT&T Inc. (NYSE:T) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 160,701 shares of the technology company’s stock after acquiring an additional 8,433 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in AT&T were worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T in the third quarter worth about $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T in the third quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,626 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.4 %

Shares of T stock traded down $0.23 during mid-day trading on Thursday, reaching $16.58. 22,429,508 shares of the company were exchanged, compared to its average volume of 39,118,984. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The business’s 50 day simple moving average is $16.98 and its 200 day simple moving average is $16.54. The company has a market capitalization of $118.59 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. Research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.69%. AT&T’s payout ratio is 56.63%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Barclays boosted their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Finally, Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.81.

AT&T 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.