Northstar Financial Companies Inc. Makes New $330,000 Investment in AT&T Inc. (NYSE:T)

Northstar Financial Companies Inc. acquired a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, Holdings Channel reports. The fund acquired 14,502 shares of the technology company’s stock, valued at approximately $330,000.

A number of other large investors have also recently made changes to their positions in the stock. Consolidated Planning Corp grew its stake in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 21,927 shares during the last quarter. Keystone Financial Group raised its stake in shares of AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock worth $5,322,000 after purchasing an additional 143,744 shares during the last quarter. World Investment Advisors lifted its holdings in shares of AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after purchasing an additional 63,359 shares during the period. Fortress Financial Solutions LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $691,000. Finally, DigitalBridge Group Inc. boosted its position in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after buying an additional 365,776 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 0.1%

Shares of NYSE T opened at $27.39 on Wednesday. The firm has a market cap of $197.09 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company’s 50-day simple moving average is $27.33 and its 200-day simple moving average is $25.18. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on T shares. Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Barclays upped their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada raised their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.71.

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.