Mitsubishi UFJ Trust & Banking Corp Has $192.17 Million Stock Holdings in AT&T Inc. $T

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of AT&T Inc. (NYSE:T) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,640,331 shares of the technology company’s stock after selling 620,512 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of AT&T worth $192,171,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Denali Advisors LLC boosted its holdings in AT&T by 5.9% in the second quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after acquiring an additional 22,394 shares in the last quarter. Tredje AP fonden increased its holdings in shares of AT&T by 1.8% during the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after acquiring an additional 21,720 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its position in shares of AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock worth $9,380,000 after purchasing an additional 4,793 shares during the period. Kickstand Ventures LLC. acquired a new position in shares of AT&T during the second quarter worth approximately $489,000. Finally, Sentry Investment Management LLC lifted its holdings in shares of AT&T by 153.2% in the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after purchasing an additional 13,370 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Morgan Stanley upped their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. KeyCorp upgraded AT&T from a “hold” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Tuesday. Finally, HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.64.

AT&T Trading Up 1.4%

NYSE:T opened at $25.19 on Wednesday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The firm has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $27.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a market cap of $178.55 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

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.