National Bank of Canada FI Buys 547,466 Shares of AT&T Inc. (NYSE:T)

National Bank of Canada FI lifted its stake in shares of AT&T Inc. (NYSE:T) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,985,711 shares of the technology company’s stock after acquiring an additional 547,466 shares during the period. National Bank of Canada FI owned approximately 0.08% of AT&T worth $136,301,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of AT&T in the fourth quarter worth $14,700,000. Franklin Resources Inc. boosted its position in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its stake in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $691,000. Finally, West Family Investments Inc. grew its stake in shares of AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after buying an additional 15,680 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on T shares. Citigroup lifted their price objective on shares of AT&T from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Scotiabank upped their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

AT&T Trading Up 0.5 %

Shares of AT&T stock opened at $28.33 on Tuesday. The firm’s 50-day moving average price is $25.82 and its two-hundred day moving average price is $23.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $203.32 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend payout ratio is 74.50%.

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.