TD Asset Management Inc Sells 1,777,377 Shares of AT&T Inc. $T

TD Asset Management Inc reduced its position in shares of AT&T Inc. (NYSE:T) by 31.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,909,565 shares of the technology company’s stock after selling 1,777,377 shares during the quarter. TD Asset Management Inc’s holdings in AT&T were worth $80,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC bought a new position in shares of AT&T in the 4th quarter worth $26,000. Finally, Winnow Wealth LLC lifted its holdings in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. TD Cowen raised their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Trading Up 1.0%

Shares of AT&T stock opened at $24.94 on Wednesday. The stock has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $25.28. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a market capitalization of $170.87 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 36.75%.

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.