AT&T Inc. $T Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp lessened its holdings in shares of AT&T Inc. (NYSE:T) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,047 shares of the technology company’s stock after selling 556 shares during the period. Citizens & Northern Corp’s holdings in AT&T were worth $493,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. GAMMA Investing LLC grew its stake in AT&T by 15.5% during the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after buying an additional 22,195 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in AT&T by 10.0% in the first quarter. Flagship Harbor Advisors LLC now owns 75,763 shares of the technology company’s stock worth $2,143,000 after buying an additional 6,888 shares during the period. Eagle Strategies LLC bought a new stake in AT&T in the first quarter valued at $279,000. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of AT&T by 7.3% during the first quarter. Walkner Condon Financial Advisors LLC now owns 12,428 shares of the technology company’s stock worth $351,000 after acquiring an additional 848 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on T. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Barclays reiterated an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a research note on Wednesday, October 1st. Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. UBS Group set a $33.00 target price on AT&T in a report on Thursday, September 18th. Finally, Bank of America began coverage on shares of AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.65.

AT&T Stock Down 0.3%

T stock opened at $26.01 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $185.98 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.12 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79. The company’s 50 day simple moving average is $28.18 and its 200-day simple moving average is $27.78.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

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.