AT&T Inc. (NYSE:T) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,799,511 shares of the technology company's stock after acquiring an additional 1,398,749 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of AT&T worth $361,970,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $25,000. Putney Financial Group LLC purchased a new position in AT&T during the 4th quarter valued at about $27,000. Hager Investment Management Services LLC grew its position in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. Finally, Core Alternative Capital lifted its position in shares of AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after purchasing an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on T. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $29.66.

AT&T Stock Down 1.1%

T stock opened at $27.47 on Thursday. AT&T Inc. has a 12-month low of $18.97 and a 12-month high of $29.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The company has a market cap of $196.45 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.44 and a beta of 0.42. The company has a 50 day moving average of $27.81 and a two-hundred day moving average of $26.93.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T's dividend payout ratio (DPR) is 63.07%.

About AT&T

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.

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