Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in AT&T Inc. (NYSE:T) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,015,703 shares of the technology company’s stock after buying an additional 4,640 shares during the period. AT&T accounts for 0.9% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 20th largest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AT&T were worth $39,785,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Telos Capital Management Inc. lifted its holdings in AT&T by 4.8% during the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after buying an additional 3,197 shares during the period. Welch Investments LLC lifted its holdings in AT&T by 9.3% during the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after buying an additional 9,291 shares during the period. Moors & Cabot Inc. lifted its holdings in AT&T by 11.3% during the second quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after buying an additional 25,167 shares during the period. Wedbush Securities Inc. lifted its holdings in AT&T by 9.7% during the second quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock worth $6,653,000 after buying an additional 15,562 shares during the period. Finally, Ingalls & Snyder LLC lifted its holdings in AT&T by 2.3% during the second quarter. Ingalls & Snyder LLC now owns 460,224 shares of the technology company’s stock worth $17,364,000 after buying an additional 10,305 shares during the period. Hedge funds and other institutional investors own 55.76% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $36.90 on Friday. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $42.70. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. sell-side analysts expect that AT&T Inc. will post 2.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 96.15%.
In other news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.
T has been the subject of a number of analyst reports. Robert W. Baird restated an “outperform” rating and set a $43.00 target price on shares of AT&T in a report on Thursday, September 21st. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price for the company. in a report on Tuesday, September 26th. Morgan Stanley upped their target price on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, October 11th. Finally, KeyCorp restated a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average target price of $42.59.
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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