AT&T Inc. (NYSE:T) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 851,823 shares of the technology company's stock after buying an additional 52,787 shares during the period. TD Waterhouse Canada Inc.'s holdings in AT&T were worth $19,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC increased its holdings 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 valued at $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at approximately $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in AT&T during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

T has been the subject of several research reports. StockNews.com upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, TD Securities increased their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.62.

AT&T Price Performance

NYSE:T traded down $0.73 during trading hours on Friday, hitting $26.80. 37,042,995 shares of the stock were exchanged, compared to its average volume of 36,510,786. The firm's fifty day moving average price is $26.96 and its 200 day moving average price is $24.31. AT&T Inc. has a 52-week low of $16.39 and a 52-week high of $29.03. The company has a market cap of $192.38 billion, a P/E ratio of 17.99, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

AT&T Company 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.