Mutual of America Capital Management LLC Acquires 23,813 Shares of AT&T (T)

Mutual of America Capital Management LLC raised its holdings in AT&T (NYSE:T) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 773,673 shares of the technology company’s stock after acquiring an additional 23,813 shares during the quarter. AT&T comprises 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 22nd largest position. Mutual of America Capital Management LLC’s holdings in AT&T were worth $30,080,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. New Capital Management LP boosted its position in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of AT&T during the third quarter worth $104,000. Macroview Investment Management LLC boosted its position in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of AT&T during the second quarter worth $134,000. Finally, Israel Discount Bank of New York lifted its position in AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after acquiring an additional 25 shares in the last quarter. 55.94% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on T. Barclays cut their price objective on shares of AT&T from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday. Macquarie reaffirmed a “buy” rating and issued a $40.00 price objective on shares of AT&T in a research report on Sunday, April 8th. HSBC raised shares of AT&T from a “hold” rating to a “buy” rating and boosted their price objective for the company from $34.90 to $41.00 in a research report on Wednesday, March 28th. Wells Fargo cut their price objective on shares of AT&T from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, March 23rd. Finally, Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $39.68 price objective on the stock in a research report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average price target of $41.47.



In other AT&T news, CEO John Donovan purchased 27,997 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the purchase, the chief executive officer now owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Shares of T stock opened at $35.14 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T has a 1 year low of $32.55 and a 1 year high of $40.56. The firm has a market capitalization of $216,399.75, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.39.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same period in the previous year, the business earned $0.66 EPS. The company’s revenue was down .4% compared to the same quarter last year. research analysts expect that AT&T will post 3.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Monday, April 9th. This represents a $2.00 annualized dividend and a yield of 5.69%. AT&T’s payout ratio is currently 65.57%.

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AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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