AT&T Inc. (NYSE:T) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in AT&T by 0.8%, owning approximately 7.26 million shares, which accounts for 0.5% of its investment portfolio.
• AT&T's recent quarterly earnings report showed an EPS of $0.54, beating analysts' expectations, with a revenue of $30.85 billion, reflecting a 3.4% year-over-year increase.
• The company declared a quarterly dividend of $0.2775 per share, representing an annualized dividend yield of 4.0% and a payout ratio of 63.07%.

Mitsubishi UFJ Trust & Banking Corp lowered its position in AT&T Inc. (NYSE:T - Free Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,260,843 shares of the technology company's stock after selling 57,710 shares during the period. AT&T comprises approximately 0.5% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 29th biggest position. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of AT&T worth $205,337,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. Wellington Management Group LLP raised its position in AT&T by 161.3% during the fourth quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company's stock worth $57,444,000 after acquiring an additional 1,557,431 shares during the period. World Investment Advisors lifted its holdings in AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares in the last quarter. Yoffe Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $213,000. Finally, Thoroughbred Financial Services LLC increased its stake in shares of AT&T by 3.1% during the fourth quarter. Thoroughbred Financial Services LLC now owns 19,544 shares of the technology company's stock worth $445,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

AT&T stock opened at $27.76 on Friday. The firm has a 50 day simple moving average of $27.80 and a 200-day simple moving average of $26.81. The stock has a market cap of $198.49 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a 1-year low of $18.64 and a 1-year high of $29.19.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group reissued a "buy" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.66.

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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