Citizens & Northern Corp Sells 30,751 Shares of AT&T Inc. (NYSE:T)

Citizens & Northern Corp lowered its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 59.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,010 shares of the technology company's stock after selling 30,751 shares during the quarter. Citizens & Northern Corp's holdings in AT&T were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after purchasing an additional 3,630,972 shares during the period. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares during the last quarter. National Pension Service lifted its stake in shares of AT&T by 15.8% in the third quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock worth $346,934,000 after buying an additional 2,152,016 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AT&T by 112.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company's stock worth $64,167,000 after buying an additional 1,546,679 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in AT&T by 7.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock valued at $378,807,000 after buying an additional 1,206,330 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

NYSE:T traded up $0.49 during mid-day trading on Friday, hitting $26.64. The company's stock had a trading volume of 58,384,223 shares, compared to its average volume of 38,439,449. The company has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 3.01 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.72. The stock has a fifty day moving average of $23.50 and a 200-day moving average of $22.28.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T's payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Evercore ISI raised their target price on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

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.