Mutual of America Capital Management LLC Cuts Stock Holdings in AT&T Inc. (NYSE:T)

Mutual of America Capital Management LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 973,595 shares of the technology company’s stock after selling 49,816 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AT&T were worth $22,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Financial Advocates Investment Management increased its holdings in AT&T by 7.9% in the 3rd quarter. Financial Advocates Investment Management now owns 77,310 shares of the technology company’s stock worth $1,701,000 after acquiring an additional 5,650 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in AT&T by 49.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,065 shares of the technology company’s stock worth $111,000 after acquiring an additional 1,679 shares in the last quarter. United Asset Strategies Inc. increased its holdings in AT&T by 17.6% in the 3rd quarter. United Asset Strategies Inc. now owns 13,123 shares of the technology company’s stock worth $289,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in AT&T in the 3rd quarter worth $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the subject of several recent analyst reports. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Stock Up 2.0 %

Shares of T opened at $27.45 on Friday. The firm has a market cap of $197.01 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.49. The company’s 50-day moving average price is $23.91 and its 200 day moving average price is $22.54. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.04%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

AT&T Company 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.