AT&T Inc. (NYSE:T) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. grew its position in AT&T Inc. (NYSE:T - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 729,046 shares of the technology company's stock after acquiring an additional 10,547 shares during the quarter. Scotia Capital Inc.'s holdings in AT&T were worth $16,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of T. International Assets Investment Management LLC bought a new stake in AT&T during the fourth quarter worth approximately $14,700,000. Franklin Resources Inc. increased its position in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp raised its holdings in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after buying an additional 21,927 shares during the period. World Investment Advisors lifted its position in AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the last quarter. Finally, Fortress Financial Solutions LLC purchased a new position in AT&T during the fourth quarter worth $691,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.5 %

T stock traded up $0.40 during trading on Friday, reaching $26.79. 32,053,085 shares of the company traded hands, compared to its average volume of 36,912,136. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $29.03. The business has a 50 day simple moving average of $26.59 and a 200 day simple moving average of $23.97. 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 company has a market capitalization of $192.29 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. 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 4.14%. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

Several brokerages have recently weighed in on T. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.