Mufg Securities Americas Inc. Takes Position in AT&T Inc. (NYSE:T)

Mufg Securities Americas Inc. purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,919 shares of the technology company's stock, valued at approximately $2,412,000.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Nearwater Capital Markets Ltd purchased a new stake in shares of AT&T during the fourth quarter worth approximately $15,939,000. NorthRock Partners LLC lifted its position in shares of AT&T by 265.3% during the 4th quarter. NorthRock Partners LLC now owns 82,188 shares of the technology company's stock worth $1,871,000 after purchasing an additional 59,691 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in shares of AT&T by 7.8% during the fourth quarter. Northeast Financial Consultants Inc now owns 11,104 shares of the technology company's stock worth $253,000 after purchasing an additional 800 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in AT&T in the fourth quarter valued at $324,000. Finally, Meridiem Capital Partners LP acquired a new stake in AT&T in the fourth quarter valued at $24,090,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

T traded up $0.39 during trading on Friday, reaching $27.72. 31,085,059 shares of the stock were exchanged, compared to its average volume of 36,784,167. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The company has a market capitalization of $199.43 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 3.00 and a beta of 0.42. The business's 50 day moving average price is $27.15 and its two-hundred day moving average price is $24.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Wall Street Analyst Weigh In

T has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada boosted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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.