AT&T Inc. (NYSE:T) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its position in AT&T Inc. (NYSE:T - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,050,292 shares of the technology company's stock after purchasing an additional 528,314 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of AT&T worth $92,225,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of T. Brighton Jones LLC raised its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of AT&T by 2.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 173,796 shares of the technology company's stock valued at $3,957,000 after buying an additional 4,831 shares during the last quarter. Stewardship Advisors LLC acquired a new stake in AT&T during the 4th quarter worth $204,000. Insight Inv LLC lifted its position in AT&T by 16.4% in the fourth quarter. Insight Inv LLC now owns 59,757 shares of the technology company's stock valued at $1,361,000 after acquiring an additional 8,403 shares during the last quarter. Finally, Patton Albertson Miller Group LLC boosted its stake in AT&T by 38.2% in the fourth quarter. Patton Albertson Miller Group LLC now owns 14,569 shares of the technology company's stock valued at $332,000 after acquiring an additional 4,024 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on T shares. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Evercore ISI raised their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

NYSE T traded down $0.16 on Thursday, hitting $27.35. 11,316,747 shares of the company's stock were exchanged, compared to its average volume of 36,724,648. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm's 50-day moving average price is $27.34 and its two-hundred day moving average price is $25.20. The firm has a market cap of $196.76 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The company's revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was 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.