AT&T Inc. $T Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in AT&T Inc. (NYSE:T) by 35.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,324 shares of the technology company’s stock after purchasing an additional 58,038 shares during the period. TD Private Client Wealth LLC’s holdings in AT&T were worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares during the last quarter. State Street Corp boosted its position in shares of AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after acquiring an additional 7,404,376 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of AT&T in the 2nd quarter valued at about $5,266,758,000. Geode Capital Management LLC increased its holdings in shares of AT&T by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after acquiring an additional 2,066,026 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T during the 2nd quarter worth about $2,228,655,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 1.1%

Shares of AT&T stock opened at $23.74 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The company has a market capitalization of $168.27 billion, a P/E ratio of 7.71, a PEG ratio of 1.31 and a beta of 0.39. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company’s fifty day moving average is $24.89 and its two-hundred day moving average is $26.73.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Citigroup lowered their price target on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Morgan Stanley dropped their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. TD Cowen boosted their price target on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.