Mizuho Securities USA LLC Has $15.49 Million Holdings in AT&T Inc. (NYSE:T)

Mizuho Securities USA LLC grew its holdings in AT&T Inc. (NYSE:T) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 680,055 shares of the technology company’s stock after purchasing an additional 215,103 shares during the period. Mizuho Securities USA LLC’s holdings in AT&T were worth $15,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in AT&T during the fourth quarter worth $392,000. Summit Global Investments acquired a new position in AT&T during the fourth quarter worth $3,409,000. Millstone Evans Group LLC acquired a new position in AT&T during the fourth quarter worth $575,000. Wealth Advisors of Iowa LLC acquired a new position in AT&T during the fourth quarter worth $214,000. Finally, 1620 Investment Advisors Inc. increased its holdings in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.9 %

T opened at $27.04 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a 50-day simple moving average of $25.13 and a 200 day simple moving average of $23.28. 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 stock has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on T. 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. Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank lifted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

About AT&T

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.