Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in AT&T Inc. (NYSE:T)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in AT&T Inc. (NYSE:T - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,400,762 shares of the technology company's stock after purchasing an additional 930,271 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of AT&T worth $258,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in T. Loomis Sayles & Co. L P boosted its position in shares of AT&T by 908.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 42,309 shares of the technology company's stock worth $931,000 after acquiring an additional 38,113 shares in the last quarter. FMR LLC increased its stake in AT&T by 1.9% in the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock valued at $1,341,693,000 after purchasing an additional 1,149,688 shares during the last quarter. Avestar Capital LLC raised its holdings in AT&T by 10.7% during the third quarter. Avestar Capital LLC now owns 36,892 shares of the technology company's stock worth $812,000 after purchasing an additional 3,556 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of AT&T by 1.1% during the 3rd quarter. Townsquare Capital LLC now owns 546,710 shares of the technology company's stock worth $12,028,000 after buying an additional 6,071 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of AT&T by 38.1% in the 3rd quarter. Bridgewater Associates LP now owns 1,289,648 shares of the technology company's stock valued at $28,372,000 after buying an additional 355,527 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

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AT&T Price Performance

AT&T stock traded down $0.00 during midday trading on Friday, reaching $28.20. The company's stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.51. The firm has a market capitalization of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. The stock's 50 day simple moving average is $25.70 and its 200 day simple moving average is $23.53.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T's payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on T. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.79.

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.