AT&T Inc. (T) Shares Bought by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd boosted its stake in shares of AT&T Inc. (NYSE:T) by 0.6% in the 3rd quarter, Holdings Channel reports. The firm owned 942,872 shares of the technology company’s stock after buying an additional 5,648 shares during the quarter. AT&T makes up 0.8% of Dai Ichi Life Insurance Company Ltd’s holdings, making the stock its 22nd largest holding. Dai Ichi Life Insurance Company Ltd’s holdings in AT&T were worth $36,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in T. Vanguard Group Inc. raised its stake in shares of AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after buying an additional 9,053,649 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after purchasing an additional 6,790,430 shares in the last quarter. Nordea Investment Management AB increased its position in shares of AT&T by 37.7% during the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after purchasing an additional 6,330,819 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price for the company. in a research report on Tuesday. Bank of America increased their target price on shares of AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. KeyCorp increased their target price on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Robert W. Baird dropped their target price on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $41.92.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue was down .4% on a year-over-year basis. equities analysts forecast that AT&T Inc. will post 3.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 41.67%.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard W. Fisher acquired 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the acquisition, the director now owns 2,600 shares in the company, valued at $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.
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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.
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