Mizuho Securities Co. Ltd. Grows Stake in AT&T Inc. (NYSE:T)

Mizuho Securities Co. Ltd. raised its stake in AT&T Inc. (NYSE:T) by 418.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,060 shares of the technology company’s stock after purchasing an additional 23,450 shares during the quarter. AT&T comprises about 1.3% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 23rd biggest position. Mizuho Securities Co. Ltd.’s holdings in AT&T were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in T. Physicians Financial Services Inc. grew its stake in shares of AT&T by 19.7% during the 4th quarter. Physicians Financial Services Inc. now owns 26,461 shares of the technology company’s stock valued at $755,000 after acquiring an additional 4,360 shares during the period. NewSquare Capital LLC boosted its stake in AT&T by 1.8% in the 4th quarter. NewSquare Capital LLC now owns 52,426 shares of the technology company’s stock worth $1,496,000 after purchasing an additional 925 shares during the period. BB&T Corp boosted its stake in AT&T by 2.7% in the 4th quarter. BB&T Corp now owns 965,851 shares of the technology company’s stock worth $27,565,000 after purchasing an additional 25,581 shares during the period. Dfpg Investments Inc. bought a new position in AT&T in the 4th quarter worth approximately $291,000. Finally, Northstar Group Inc. boosted its stake in AT&T by 3.3% in the 4th quarter. Northstar Group Inc. now owns 21,094 shares of the technology company’s stock worth $600,000 after purchasing an additional 673 shares during the period. 53.05% of the stock is currently owned by institutional investors.

Several research firms have weighed in on T. Desjardins restated an “average” rating and issued a $55.50 price target on shares of AT&T in a research note on Tuesday, August 6th. Cowen upped their price target on AT&T from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley restated a “buy” rating and issued a $37.00 price target on shares of AT&T in a research note on Thursday, August 1st. ValuEngine downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Raymond James upped their price target on AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. AT&T presently has an average rating of “Buy” and an average target price of $36.72.

In other news, CEO John T. Stankey sold 4,024 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total transaction of $137,419.60. Following the sale, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at approximately $80,798.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Shares of T opened at $34.34 on Friday. The stock has a market capitalization of $254.72 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 2.18 and a beta of 0.62. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $34.96. The business’s 50 day simple moving average is $33.77 and its 200-day simple moving average is $31.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.89. The business had revenue of $44.96 billion for the quarter, compared to analysts’ expectations of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, sell-side analysts expect that AT&T Inc. will post 3.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.94%. AT&T’s dividend payout ratio (DPR) is 57.95%.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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