TD Waterhouse Canada Inc. Purchases 187,740 Shares of AT&T Inc. $T

TD Waterhouse Canada Inc. grew its position in AT&T Inc. (NYSE:T) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,513,051 shares of the technology company’s stock after purchasing an additional 187,740 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in AT&T were worth $31,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE purchased a new stake in AT&T in the second quarter worth about $2,310,898,000. Norges Bank purchased a new position in AT&T during the 4th quarter valued at about $2,181,977,000. GQG Partners LLC purchased a new position in AT&T during the 2nd quarter valued at about $1,223,364,000. Legal & General Group Plc bought a new stake in shares of AT&T in the 2nd quarter valued at about $960,695,000. Finally, Amundi lifted its position in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $25.70 on Friday. The company has a 50 day moving average price of $23.49 and a 200 day moving average price of $25.16. The firm has a market capitalization of $176.11 billion, a P/E ratio of 8.51, a PEG ratio of 1.30 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

Wall Street Analyst Weigh In

T has been the topic of a number of recent research reports. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research note on Wednesday, July 22nd. Argus reduced their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Profile

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.