AT&T Inc. $T Stock Position Lifted by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its stake in AT&T Inc. (NYSE:T) by 26.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 165,286 shares of the technology company’s stock after purchasing an additional 34,654 shares during the quarter. TD Private Client Wealth LLC’s holdings in AT&T were worth $4,783,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of AT&T during the 1st quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T in the second quarter worth approximately $26,000. Hager Investment Management Services LLC raised its position in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. Core Alternative Capital raised its position in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after acquiring an additional 568 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in AT&T in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Citigroup reiterated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Wells Fargo & Company increased their price target on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. UBS Group set a $33.00 price objective on shares of AT&T in a research note on Thursday, September 18th. Finally, Scotiabank raised their target price on shares of AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Down 1.6%

NYSE T opened at $28.34 on Thursday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The stock has a market cap of $202.63 billion, a PE ratio of 16.10, a PEG ratio of 3.69 and a beta of 0.44. The firm has a 50-day simple moving average of $28.55 and a 200 day simple moving average of $27.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

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.