Mutual of America Capital Management LLC Has $22.52 Million Stock Position in AT&T Inc. (NYSE:T)

Mutual of America Capital Management LLC lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,023,411 shares of the technology company's stock after selling 35,646 shares during the quarter. Mutual of America Capital Management LLC's holdings in AT&T were worth $22,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in AT&T by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company's stock valued at $1,549,375,000 after buying an additional 5,592,123 shares during the period. Legal & General Group Plc raised its stake in AT&T by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock valued at $1,148,689,000 after acquiring an additional 1,569,374 shares during the period. Ameriprise Financial Inc. lifted its holdings in AT&T by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock valued at $985,307,000 after purchasing an additional 1,007,228 shares during the last quarter. LSV Asset Management boosted its position in AT&T by 1.1% during the second quarter. LSV Asset Management now owns 30,092,610 shares of the technology company's stock worth $575,070,000 after purchasing an additional 315,580 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of AT&T by 2.5% in the second quarter. Pacer Advisors Inc. now owns 28,113,880 shares of the technology company's stock valued at $537,256,000 after purchasing an additional 675,082 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of T traded up $0.43 during midday trading on Friday, hitting $22.68. The company's stock had a trading volume of 40,207,263 shares, compared to its average volume of 34,622,808. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a one year low of $15.75 and a one year high of $22.75. The stock has a market capitalization of $162.74 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company's fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $19.73.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.89%. AT&T's dividend payout ratio (DPR) is presently 90.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Daiwa America raised AT&T to a "hold" rating in a research report on Friday, July 26th. Barclays lifted their price target on AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on AT&T from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

AT&T Company 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.