Healthcare of Ontario Pension Plan Trust Fund Buys 184,900 Shares of AT&T Inc. (NYSE:T)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of AT&T Inc. (NYSE:T) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,174,000 shares of the technology company’s stock after buying an additional 184,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AT&T were worth $47,828,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. iA Global Asset Management Inc. acquired a new stake in shares of AT&T in the first quarter valued at about $3,264,000. LRI Investments LLC acquired a new stake in AT&T during the first quarter valued at approximately $338,000. Sanibel Captiva Trust Company Inc. boosted its holdings in AT&T by 1.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 86,004 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 1,019 shares in the last quarter. Swedbank AB acquired a new stake in AT&T during the first quarter valued at approximately $54,122,000. Finally, Atria Investments Inc boosted its holdings in AT&T by 16.9% during the first quarter. Atria Investments Inc now owns 654,533 shares of the technology company’s stock valued at $11,524,000 after purchasing an additional 94,552 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of several research analyst reports. Moffett Nathanson boosted their price objective on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Citigroup increased their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Oppenheimer upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $23.53.

AT&T Trading Up 0.8 %

AT&T stock opened at $23.27 on Thursday. The firm has a 50-day moving average of $22.10 and a 200-day moving average of $20.07. AT&T Inc. has a one year low of $15.94 and a one year high of $23.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $166.97 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.47 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the business posted $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.77%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.