NORTHSTAR ASSET MANAGEMENT Co LLC Sells 4,308 Shares of AT&T Inc. (NYSE:T)

NORTHSTAR ASSET MANAGEMENT Co LLC cut its position in shares of AT&T Inc. (NYSE:T) by 25.8% during the 4th quarter, HoldingsChannel reports. 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC grew its stake in shares of AT&T by 161.6% in the 4th quarter. Soltis Investment Advisors LLC now owns 40,556 shares of the technology company’s stock worth $923,000 after buying an additional 25,052 shares during the last quarter. Quilter Plc purchased a new position in AT&T in the 4th quarter worth approximately $428,000. Opal Wealth Advisors LLC lifted its holdings in shares of AT&T by 18.8% during the fourth quarter. Opal Wealth Advisors LLC now owns 13,420 shares of the technology company’s stock valued at $306,000 after purchasing an additional 2,126 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in AT&T by 29.7% during the 4th quarter. Elevation Wealth Partners LLC now owns 2,563 shares of the technology company’s stock valued at $58,000 after acquiring an additional 587 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new stake in AT&T in the fourth quarter worth approximately $109,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Barclays boosted their price objective 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. Finally, Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Performance

T opened at $24.56 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $176.19 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.79 and a beta of 0.59. 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 fifty-two week low of $15.94 and a fifty-two 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 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%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

AT&T Company 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.