NORTHSTAR ASSET MANAGEMENT Co LLC Decreases Stake in AT&T Inc. (NYSE:T)

NORTHSTAR ASSET MANAGEMENT Co LLC reduced its position in AT&T Inc. (NYSE:T) by 25.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,400 shares of the technology company’s stock after selling 4,308 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in AT&T were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of T. AMF Tjanstepension AB boosted its position in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in AT&T in the 3rd quarter worth approximately $1,233,000. First Affirmative Financial Network boosted its holdings in AT&T by 6.1% in the 3rd quarter. First Affirmative Financial Network now owns 14,437 shares of the technology company’s stock valued at $318,000 after purchasing an additional 833 shares during the period. Ritholtz Wealth Management grew its position in shares of AT&T by 33.7% during the 3rd quarter. Ritholtz Wealth Management now owns 85,944 shares of the technology company’s stock valued at $1,891,000 after purchasing an additional 21,652 shares in the last quarter. Finally, Mechanics Bank Trust Department bought a new position in shares of AT&T in the third quarter worth $210,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

NYSE:T opened at $24.56 on Monday. The firm has a market capitalization of $176.19 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.79 and a beta of 0.59. 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 fifty day moving average of $23.04 and a 200 day moving average of $21.84. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.52%. AT&T’s dividend payout ratio is currently 74.50%.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

AT&T Profile

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.