AT&T Inc. (NYSE:T) Shares Purchased by Northwestern Mutual Wealth Management Co.

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Northwestern Mutual Wealth Management Co. raised its holdings in shares of AT&T Inc. (NYSE:T) by 0.5% in the first quarter, Holdings Channel.com reports. The firm owned 509,745 shares of the technology company’s stock after buying an additional 2,291 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in AT&T were worth $14,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of AT&T by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 109,540,861 shares of the technology company’s stock worth $4,272,292,000 after purchasing an additional 4,091,166 shares during the last quarter. Norges Bank bought a new stake in shares of AT&T in the 4th quarter worth approximately $2,928,300,000. Nuveen Asset Management LLC lifted its holdings in shares of AT&T by 18.4% in the 4th quarter. Nuveen Asset Management LLC now owns 53,216,205 shares of the technology company’s stock worth $2,079,689,000 after purchasing an additional 8,261,619 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of AT&T by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,878,744 shares of the technology company’s stock worth $1,402,142,000 after purchasing an additional 324,493 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of AT&T by 7.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 30,960,127 shares of the technology company’s stock worth $886,887,000 after purchasing an additional 2,046,164 shares during the last quarter. Institutional investors own 54.65% of the company’s stock.

In other AT&T news, Director Geoffrey Y. Yang purchased 6,754 shares of the stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $29.39 per share, for a total transaction of $198,500.06. Following the completion of the acquisition, the director now owns 9,398 shares of the company’s stock, valued at approximately $276,207.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Luczo purchased 36,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average price of $29.38 per share, for a total transaction of $1,057,680.00. The disclosure for this purchase can be found here. Insiders own 0.07% of the company’s stock.

Shares of T traded down $0.18 during midday trading on Friday, reaching $29.59. The stock had a trading volume of 6,239,664 shares, compared to its average volume of 34,959,516. AT&T Inc. has a 52 week low of $26.08 and a 52 week high of $39.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average price is $29.64 and its 200-day moving average price is $35.39. The company has a market capitalization of $213.84 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.63 and a beta of 0.72.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.01). The company had revenue of $42.78 billion during the quarter, compared to analyst estimates of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 3.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Wednesday, April 8th. AT&T’s payout ratio is 58.26%.

Several analysts recently issued reports on the company. Nomura Securities cut their price target on AT&T from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Bank of America cut their target price on AT&T from $43.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. ValuEngine downgraded AT&T from a “sell” rating to a “strong sell” rating in a research note on Friday, May 1st. Cfra cut their target price on AT&T from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, SunTrust Banks cut their target price on AT&T from $36.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, April 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the stock. AT&T currently has an average rating of “Hold” and a consensus target price of $36.15.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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