Cantor Fitzgerald Investment Advisors L.P. Decreases Stake in AT&T Inc. (NYSE:T)

Cantor Fitzgerald Investment Advisors L.P. lessened its position in AT&T Inc. (NYSE:T - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 566,245 shares of the technology company's stock after selling 105,497 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in AT&T were worth $16,013,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC boosted 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 worth $30,000 after buying an additional 430 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on T. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a research report on Tuesday. Barclays boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their price target on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.76.

AT&T Trading Up 0.5%

AT&T stock traded up $0.13 during midday trading on Friday, reaching $27.79. 51,458,475 shares of the stock traded hands, compared to its average volume of 36,717,341. The firm has a market cap of $199.96 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $25.76. AT&T Inc. has a 12-month low of $17.90 and a 12-month high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the company posted $0.55 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

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.