60,000 Shares in AT&T Inc. (NYSE:T) Acquired by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. acquired a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 60,000 shares of the technology company’s stock, valued at approximately $1,007,000. AT&T makes up approximately 3.6% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in T. Carmel Capital Partners LLC grew its holdings in AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new stake in AT&T in the third quarter worth approximately $30,000. Ramirez Asset Management Inc. acquired a new stake in AT&T in the third quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its position in AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,626 shares during the period. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on T shares. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Friday, January 19th. Barclays increased their price objective on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Finally, Citigroup increased their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $20.50.

AT&T Stock Up 1.2 %

NYSE T traded up $0.20 during trading on Tuesday, hitting $16.51. 47,772,969 shares of the company traded hands, compared to its average volume of 38,895,176. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The business has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $16.54. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $118.09 billion, a P/E ratio of 8.42, a PEG ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same quarter last year, the business earned $0.61 earnings per share. AT&T’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

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.