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 - Free Report) 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 - Get Free Report) 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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.