AT&T Inc. (NYSE:T) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,440,994 shares of the technology company's stock after buying an additional 2,730,418 shares during the quarter. Canada Pension Plan Investment Board owned 0.10% of AT&T worth $169,431,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 1620 Investment Advisors Inc. boosted its stake in AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after acquiring an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Whittier Trust Co. grew its position in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after buying an additional 433 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after buying an additional 444 shares during the period. Finally, Northeast Investment Management lifted its stake in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after acquiring an additional 451 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Scotiabank raised their price objective on shares of AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Finally, Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given 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 stock has an average rating of "Moderate Buy" and an average target price of $27.24.

AT&T Trading Up 2.7 %

Shares of T traded up $0.71 during trading hours on Tuesday, hitting $27.04. The stock had a trading volume of 17,935,393 shares, compared to its average volume of 36,632,426. The company's fifty day simple moving average is $26.86 and its 200 day simple moving average is $24.20. AT&T Inc. has a 12-month low of $16.17 and a 12-month high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $194.07 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. AT&T's dividend payout ratio (DPR) is currently 74.50%.

AT&T 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.