North Star Asset Management Inc. Decreases Holdings in AT&T Inc. $T

North Star Asset Management Inc. decreased its position in AT&T Inc. (NYSE:T) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,643 shares of the technology company’s stock after selling 2,864 shares during the quarter. North Star Asset Management Inc.’s holdings in AT&T were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. J. L. Bainbridge & Co. Inc. boosted its stake in shares of AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after purchasing an additional 355 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its position in AT&T by 2.0% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after purchasing an additional 357 shares during the period. Investment Partners LTD. lifted its stake in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the last quarter. Parcion Private Wealth LLC boosted its position in AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after buying an additional 364 shares during the period. Finally, Texas Bank & Trust Co boosted its position in AT&T by 0.6% during the second quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock valued at $1,860,000 after buying an additional 364 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.8%

Shares of T opened at $25.82 on Wednesday. The firm’s 50-day moving average price is $26.22 and its 200-day moving average price is $27.45. The firm has a market capitalization of $183.04 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 2.16 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Analysts Set New Price Targets

Several research analysts have recently commented on T shares. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Barclays decreased their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Williams Trading set a $33.00 target price on shares of AT&T in a report on Thursday, October 23rd. Finally, Wells Fargo & Company decreased their target price on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

About AT&T

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.