Mizuho Securities Co. Ltd. Makes New $97,000 Investment in AT&T Inc. (NYSE:T)

Mizuho Securities Co. Ltd. purchased a new position in AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,100 shares of the technology company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Riggs Asset Managment Co. Inc. lifted its holdings in shares of AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,116 shares during the last quarter. First Pacific Financial lifted its holdings in shares of AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Finally, American Capital Advisory LLC lifted its holdings in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T traded up $0.14 during midday trading on Friday, hitting $19.90. 29,362,657 shares of the company traded hands, compared to its average volume of 26,170,302. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $142.69 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.58. The company’s 50-day moving average is $19.14 and its 200 day moving average is $17.89. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $19.99.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts expect that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Daiwa America upgraded shares of AT&T to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. UBS Group restated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. Finally, Royal Bank of Canada upped their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.06.

About AT&T

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.