Atlas Private Wealth Advisors Sells 71,971 Shares of AT&T Inc. (NYSE:T)

Atlas Private Wealth Advisors decreased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 57.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 52,902 shares of the technology company's stock after selling 71,971 shares during the period. Atlas Private Wealth Advisors' holdings in AT&T were worth $1,496,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in T. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in AT&T during the fourth quarter worth about $28,000. Finally, Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. upped their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Trading Down 0.4%

NYSE T traded down $0.10 during trading on Monday, reaching $28.09. 6,998,474 shares of the stock traded hands, compared to its average volume of 36,549,062. The stock's 50-day moving average price is $27.41 and its 200 day moving average price is $25.66. The firm has a market cap of $202.10 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. 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 (NYSE:T - Get Free Report) last issued 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 company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the company earned $0.55 EPS. The firm's revenue was up 2.0% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.