Mitsubishi UFJ Asset Management Co. Ltd. Has $397.56 Million Stock Position in AT&T Inc. $T

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AT&T Inc. (NYSE:T) by 7.3% in the second quarter, HoldingsChannel reports. The firm owned 13,737,363 shares of the technology company’s stock after buying an additional 937,852 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AT&T were worth $397,559,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in shares of AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in AT&T during the second quarter worth $26,000. Hager Investment Management Services LLC increased its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Kennebec Savings Bank raised its position in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Finally, Solstein Capital LLC raised its position in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. TD Cowen raised their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Thursday, July 24th. Sanford C. Bernstein upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

AT&T Trading Up 0.3%

Shares of AT&T stock opened at $24.81 on Friday. The firm’s 50 day simple moving average is $27.14 and its two-hundred day simple moving average is $27.62. The firm has a market capitalization of $175.85 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 2.16 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is 36.04%.

AT&T 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.