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

Northstar Financial Companies Inc. acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,502 shares of the technology company's stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in T. Minot DeBlois Advisors LLC acquired a new stake in AT&T in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in AT&T in the 4th quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $28,000. Finally, YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE T traded up $0.35 during mid-day trading on Friday, hitting $27.73. The company had a trading volume of 47,953,734 shares, compared to its average volume of 36,897,732. The company has a market capitalization of $199.53 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $17.42 and a 1 year high of $29.03. 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 stock's 50-day moving average price is $27.36 and its 200-day moving average price is $25.27.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter last year, the firm posted $0.55 earnings per share. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

A number of brokerages have weighed in on T. Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Royal Bank of Canada raised their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Finally, Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.