Mizuho Markets Americas LLC Buys New Holdings in AT&T Inc. (NYSE:T)

Mizuho Markets Americas LLC bought a new stake in AT&T Inc. (NYSE:T) during the first quarter, HoldingsChannel reports. The fund bought 359,147 shares of the technology company’s stock, valued at approximately $6,321,000.

Other large investors have also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc grew its stake in AT&T by 1.7% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock valued at $589,000 after acquiring an additional 598 shares during the period. Klingman & Associates LLC grew its stake in AT&T by 3.1% in the 1st quarter. Klingman & Associates LLC now owns 19,889 shares of the technology company’s stock valued at $350,000 after acquiring an additional 603 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the period. JB Capital LLC grew its stake in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after acquiring an additional 614 shares during the period. Finally, Fortitude Family Office LLC grew its stake in AT&T by 1.5% in the 1st quarter. Fortitude Family Office LLC now owns 41,595 shares of the technology company’s stock valued at $732,000 after acquiring an additional 614 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.2 %

Shares of NYSE T traded down $0.03 during trading on Friday, hitting $19.12. 29,910,308 shares of the company were exchanged, compared to its average volume of 32,990,166. AT&T Inc. has a 12-month low of $13.89 and a 12-month high of $19.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a fifty day moving average price of $18.17 and a 200-day moving average price of $17.41. The firm has a market capitalization of $137.09 billion, a PE ratio of 10.28, a P/E/G ratio of 3.61 and a beta of 0.58.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.23 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, April 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $18.00 price objective on shares of AT&T in a report on Wednesday, July 10th. Scotiabank raised their price objective on AT&T from $22.50 to $23.00 and gave the company a “sector outperform” rating in a report on Wednesday, July 10th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $21.00 price objective on shares of AT&T in a report on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.85.

AT&T Profile

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.