9,065 Shares in AT&T Inc. (NYSE:T) Purchased by Northstar Group Inc.

Northstar Group Inc. purchased a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel reports. The fund purchased 9,065 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $25,000. YANKCOM Partnership bought a new position in shares of AT&T in the 4th quarter valued at approximately $30,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T during the 3rd quarter valued at approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Tigress Financial upped their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Barclays upped 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, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.21.

AT&T Stock Performance

T stock opened at $24.56 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $176.19 billion, a PE ratio of 16.48, a P/E/G ratio of 2.79 and a beta of 0.59. The business’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $21.77.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend 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.