Mirae Asset Global Investments Co. Ltd. Purchases 159,252 Shares of AT&T Inc. (NYSE:T)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of AT&T Inc. (NYSE:T) by 33.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 635,331 shares of the technology company’s stock after acquiring an additional 159,252 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AT&T were worth $14,495,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Reston Wealth Management LLC purchased a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $24.46 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The business’s 50 day moving average price is $22.99 and its 200 day moving average price is $21.75. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market cap of $175.47 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 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 expect that AT&T Inc. will post 2.15 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. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.54%. AT&T’s payout ratio is currently 74.50%.

Analysts Set New Price Targets

A number of analysts have weighed in on T shares. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

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.