Toronto Dominion Bank Increases Holdings in AT&T Inc. (NYSE:T)

Toronto Dominion Bank increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,050,292 shares of the technology company's stock after purchasing an additional 528,314 shares during the period. Toronto Dominion Bank owned approximately 0.06% of AT&T worth $92,225,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in AT&T during the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the 4th quarter worth about $28,000. YANKCOM Partnership purchased a new position in AT&T during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the 4th 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 during the period. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T stock traded down $0.03 during mid-day trading on Tuesday, reaching $27.39. 33,305,162 shares of the company's stock traded hands, compared to its average volume of 36,796,923. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The firm has a 50 day moving average price of $27.32 and a two-hundred day moving average price of $25.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $197.09 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Oppenheimer lifted their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T 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.