TD Private Client Wealth LLC Has $4.63 Million Stake in AT&T Inc. $T

TD Private Client Wealth LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 16.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 186,392 shares of the technology company’s stock after selling 36,932 shares during the period. TD Private Client Wealth LLC’s holdings in AT&T were worth $4,630,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GGM Financials LLC acquired a new position in AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Cloud Capital Management LLC acquired a new stake in shares of AT&T in the third quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T opened at $24.44 on Tuesday. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The firm has a 50 day moving average of $26.86 and a 200-day moving average of $26.00. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $169.79 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.88 and a beta of 0.23.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. AT&T’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is currently 37.25%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on T shares. Morgan Stanley started coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Oppenheimer raised their price target on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Scotiabank lowered their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. BNP Paribas Exane lowered their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.