National Bank of Canada FI Purchases 547,466 Shares of AT&T Inc. (NYSE:T)

National Bank of Canada FI increased its position in AT&T Inc. (NYSE:T - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,985,711 shares of the technology company's stock after purchasing an additional 547,466 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of AT&T worth $136,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC increased its stake in AT&T by 0.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 331,235 shares of the technology company's stock valued at $8,324,000 after purchasing an additional 1,172 shares in the last quarter. Franklin Resources Inc. lifted its stake in AT&T by 9.1% in the 4th quarter. Franklin Resources Inc. now owns 8,673,693 shares of the technology company's stock valued at $197,500,000 after acquiring an additional 725,780 shares in the last quarter. Seven Mile Advisory lifted its position in shares of AT&T by 11.9% in the fourth quarter. Seven Mile Advisory now owns 13,521 shares of the technology company's stock worth $308,000 after purchasing an additional 1,434 shares in the last quarter. Summit Financial LLC boosted its stake in shares of AT&T by 69.6% during the 4th quarter. Summit Financial LLC now owns 246,712 shares of the technology company's stock worth $5,618,000 after buying an additional 101,206 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in AT&T by 40.1% during the fourth quarter. Alliancebernstein L.P. now owns 18,632,607 shares of the technology company's stock valued at $424,264,000 after purchasing an additional 5,329,647 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

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AT&T Stock Up 0.7 %

T traded up $0.21 during midday trading on Tuesday, reaching $28.49. 43,976,615 shares of the company were exchanged, compared to its average volume of 36,292,622. The company has a market cap of $204.47 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a one year low of $15.94 and a one year high of $28.61. The company's fifty day moving average price is $25.94 and its 200 day moving average price is $23.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 3.90%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on T shares. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Oppenheimer lifted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.21.

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.