TD Asset Management Inc. Decreases Stock Holdings in AT&T Inc. (NYSE:T)

TD Asset Management Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,612,939 shares of the technology company’s stock after selling 852,199 shares during the quarter. TD Asset Management Inc. owned 0.09% of AT&T worth $150,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC increased its position 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 worth $30,000 after buying an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the fourth quarter valued at $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $27.30 on Wednesday. The stock’s 50-day simple moving average is $25.35 and its two-hundred day simple moving average is $23.40. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The firm has a market capitalization of $195.96 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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 anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

T has been the subject of several research reports. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

About AT&T

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.