State of New Jersey Common Pension Fund D Has $69.16 Million Holdings in AT&T Inc. $T

State of New Jersey Common Pension Fund D decreased its holdings in AT&T Inc. (NYSE:T) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,389,613 shares of the technology company’s stock after selling 9,632 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AT&T were worth $69,155,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Leelyn Smith LLC grew its stake in shares of AT&T by 22.9% in the 2nd quarter. Leelyn Smith LLC now owns 31,049 shares of the technology company’s stock valued at $899,000 after buying an additional 5,776 shares in the last quarter. Hobart Private Capital LLC grew its stake in shares of AT&T by 67.8% in the 2nd quarter. Hobart Private Capital LLC now owns 18,361 shares of the technology company’s stock valued at $531,000 after buying an additional 7,418 shares in the last quarter. Ranch Capital Advisors Inc. grew its stake in shares of AT&T by 4.6% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 147,939 shares of the technology company’s stock valued at $4,281,000 after buying an additional 6,505 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of AT&T by 27.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 52,274 shares of the technology company’s stock valued at $1,513,000 after buying an additional 11,269 shares in the last quarter. Finally, Lee Danner & Bass Inc. grew its stake in shares of AT&T by 1.9% in the 2nd quarter. Lee Danner & Bass Inc. now owns 82,859 shares of the technology company’s stock valued at $2,398,000 after buying an additional 1,550 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price target (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. TD Cowen upped their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

AT&T Stock Performance

T opened at $25.17 on Friday. The business has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $27.75. The company has a market capitalization of $179.95 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.42. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.76.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.