Massmutual Trust Co. FSB ADV Boosts Holdings in AT&T Inc. (NYSE:T)

Massmutual Trust Co. FSB ADV raised its holdings in AT&T Inc. (NYSE:T) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,340 shares of the technology company’s stock after purchasing an additional 2,036 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in AT&T were worth $516,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in AT&T during the fourth quarter worth $1,118,288,000. Ameriprise Financial Inc. lifted its holdings in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in shares of AT&T during the fourth quarter worth about $316,472,000. Kodai Capital Management LP acquired a new position in shares of AT&T in the fourth quarter valued at approximately $152,109,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of AT&T by 120.8% during the fourth quarter. Point72 Asset Management L.P. now owns 9,086,854 shares of the technology company’s stock valued at $152,477,000 after buying an additional 4,970,954 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $18.12 on Friday. The business has a 50 day moving average price of $17.28 and a two-hundred day moving average price of $17.09. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45. The firm has a market cap of $129.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.55 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Sell-side analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Scotiabank upped their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Finally, UBS Group restated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $21.54.

AT&T 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.