TD Asset Management Inc. decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,612,939 shares of the technology company's stock after selling 852,199 shares during the quarter. TD Asset Management Inc. owned 0.09% of AT&T worth $150,577,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in T. International Assets Investment Management LLC purchased a new stake in AT&T during the 4th quarter worth about $14,700,000. Franklin Resources Inc. increased its stake in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares during the period. Consolidated Planning Corp raised its holdings in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC purchased a new position in AT&T in the fourth quarter worth approximately $691,000. Finally, West Family Investments Inc. grew its holdings in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after acquiring an additional 15,680 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
T traded down $0.00 on Friday, hitting $28.20. 35,072,594 shares of the company traded hands, compared to its average volume of 36,189,161. The company has a 50 day moving average of $25.70 and a 200-day moving average of $23.53. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.51. The stock has a market capitalization of $202.40 billion, a PE ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T's dividend payout ratio (DPR) is 74.50%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on T shares. Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Tigress Financial lifted 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. Royal Bank of Canada upped their price objective on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given 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 presently has an average rating of "Moderate Buy" and an average target price of $26.79.
Read Our Latest Report on AT&T
AT&T Profile
(
Free Report)
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.
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