TD Waterhouse Canada Inc. Buys 52,787 Shares of AT&T Inc. (NYSE:T)

TD Waterhouse Canada Inc. grew its stake in shares of AT&T Inc. (NYSE:T) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T during the fourth quarter valued at approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $26.29 on Tuesday. The company has a market capitalization of $188.71 billion, a PE ratio of 17.64, a PEG ratio of 3.00 and a beta of 0.42. The business has a fifty day moving average price of $26.86 and a 200-day moving average price of $24.20. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Thursday, April 10th. AT&T’s payout ratio is currently 74.50%.

Analysts Set New Price Targets

Several analysts have recently weighed in on T shares. Tigress Financial raised their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.24.

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.