FUKOKU MUTUAL LIFE INSURANCE Co Has $17.45 Million Stock Position in AT&T Inc. (NYSE:T)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in shares of AT&T Inc. (NYSE:T) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 793,115 shares of the technology company’s stock after selling 25,000 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in AT&T were worth $17,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its position in shares of AT&T by 10.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 190,699 shares of the technology company’s stock worth $4,195,000 after buying an additional 17,469 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of AT&T by 11.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 198,688 shares of the technology company’s stock worth $4,371,000 after purchasing an additional 20,787 shares in the last quarter. Metis Global Partners LLC increased its stake in AT&T by 2.1% during the 3rd quarter. Metis Global Partners LLC now owns 254,212 shares of the technology company’s stock valued at $5,593,000 after purchasing an additional 5,335 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in shares of AT&T by 71.2% in the third quarter. Curi RMB Capital LLC now owns 22,453 shares of the technology company’s stock valued at $494,000 after purchasing an additional 9,335 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of AT&T by 23.3% during the third quarter. Planning Capital Management Corp now owns 7,403 shares of the technology company’s stock valued at $163,000 after purchasing an additional 1,399 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 0.2 %

T stock opened at $22.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average is $21.82 and its two-hundred day moving average is $19.65. AT&T Inc. has a 52 week low of $15.64 and a 52 week high of $22.73. The company has a market capitalization of $159.61 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.99%. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on T shares. Oppenheimer increased their target price on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Daiwa America raised shares of AT&T to a “hold” rating in a research report on Friday, July 26th. Moffett Nathanson upped their price objective on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. TD Cowen boosted their price objective on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.40.

About AT&T

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.