Northeast Investment Management Has $1.17 Million Holdings in AT&T Inc. (NYSE:T)

Northeast Investment Management boosted its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,198 shares of the technology company’s stock after purchasing an additional 451 shares during the period. Northeast Investment Management’s holdings in AT&T were worth $1,166,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its position in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Ferguson Shapiro LLC boosted its holdings in AT&T by 108.2% in the third quarter. Ferguson Shapiro LLC now owns 22,404 shares of the technology company’s stock valued at $493,000 after acquiring an additional 11,643 shares during the last quarter. Freestate Advisors LLC acquired a new stake in AT&T in the third quarter worth about $408,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in AT&T in the third quarter worth about $1,233,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in AT&T by 2.7% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 42,949 shares of the technology company’s stock worth $945,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank raised their price target on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI increased their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Up 0.4 %

NYSE:T opened at $24.56 on Friday. The stock has a 50-day simple moving average of $23.04 and a 200 day simple moving average of $21.81. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a market cap of $176.19 billion, a PE ratio of 16.48, a PEG ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal 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 paid a dividend of $0.2775 per share. The ex-dividend date of this dividend 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 74.50%.

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.