Free Trial

AT&T Inc. (NYSE:T) Shares Purchased by TD Asset Management Inc

AT&T logo with Computer and Technology background

Key Points

  • TD Asset Management Inc increased its stake in AT&T by 2.7%, owning a total of 6,788,215 shares valued at approximately $191.97 million.
  • Several institutional investors, including AllSquare Wealth Management LLC and Kozak & Associates Inc., have also boosted their positions in AT&T, contributing to 57.1% of the stock being owned by institutional investors.
  • AT&T declared a quarterly dividend of $0.2775 per share, with a dividend yield of 3.96%, reflecting a payout ratio of 63.07%.
  • Five stocks to consider instead of AT&T.

TD Asset Management Inc grew its position in AT&T Inc. (NYSE:T - Free Report) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,788,215 shares of the technology company's stock after acquiring an additional 175,276 shares during the quarter. TD Asset Management Inc owned about 0.09% of AT&T worth $191,971,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of T. AllSquare Wealth Management LLC raised its stake in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after purchasing an additional 378 shares during the last quarter. Next Level Private LLC raised its stake in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after purchasing an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its stake in shares of AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after purchasing an additional 398 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T stock traded up $0.18 during mid-day trading on Wednesday, reaching $27.59. The stock had a trading volume of 8,272,355 shares, compared to its average volume of 37,878,734. AT&T Inc. has a 12-month low of $18.64 and a 12-month high of $29.19. The company has a market cap of $197.24 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The business has a 50-day simple moving average of $27.79 and a 200 day simple moving average of $26.73. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. Wells Fargo & Company upped their price target on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. TD Securities upped their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One investment 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 stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $29.66.

Get Our Latest Stock Analysis on T

About AT&T

(Free Report)

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.

Read More

Institutional Ownership by Quarter for AT&T (NYSE:T)

Should You Invest $1,000 in AT&T Right Now?

Before you consider AT&T, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.

While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

2 Chip Stocks Are Soaring—But One Could Break Out This Summer
This $13 Trillion Energy Breakthrough Will Make Millionaires

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines