TD Private Client Wealth LLC Reduces Stock Holdings in AT&T Inc. (NYSE:T)

TD Private Client Wealth LLC lessened its holdings in AT&T Inc. (NYSE:T - Free Report) by 25.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,632 shares of the technology company's stock after selling 43,614 shares during the quarter. TD Private Client Wealth LLC's holdings in AT&T were worth $3,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Proficio Capital Partners LLC grew its position in AT&T by 39.7% during the 4th quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock valued at $655,000 after purchasing an additional 8,179 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in AT&T by 22.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 42,239 shares of the technology company's stock valued at $962,000 after purchasing an additional 7,843 shares in the last quarter. Larson Financial Group LLC increased its stake in AT&T by 7.1% during the 4th quarter. Larson Financial Group LLC now owns 42,273 shares of the technology company's stock valued at $963,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Naviter Wealth LLC purchased a new position in AT&T in the fourth quarter worth about $308,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.3%

AT&T stock traded down $0.09 during trading hours on Wednesday, hitting $28.21. The company had a trading volume of 4,396,295 shares, compared to its average volume of 36,323,066. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market cap of $202.95 billion, a P/E ratio of 17.28, a P/E/G ratio of 4.67 and a beta of 0.42. The company has a 50-day moving average price of $27.83 and a two-hundred day moving average price of $26.23. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on T shares. Royal Bank Of Canada increased their price target on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Evercore ISI boosted 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. Finally, Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

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.