AT&T Inc. (NYSE:T) Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC reduced its position in AT&T Inc. (NYSE:T - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,401 shares of the technology company's stock after selling 26,586 shares during the quarter. Shulman DeMeo Asset Management LLC's holdings in AT&T were worth $407,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of T. Brighton Jones LLC grew its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in AT&T in the fourth quarter worth approximately $39,000. Chicago Partners Investment Group LLC lifted its stake in AT&T by 5.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 58,948 shares of the technology company's stock worth $1,307,000 after acquiring an additional 2,792 shares during the last quarter. Independence Bank of Kentucky lifted its stake in AT&T by 52.4% in the fourth quarter. Independence Bank of Kentucky now owns 10,973 shares of the technology company's stock worth $250,000 after acquiring an additional 3,775 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in AT&T by 4.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 207,042 shares of the technology company's stock worth $4,714,000 after acquiring an additional 8,354 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on T shares. Tigress Financial lifted their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Trading Up 1.0%

Shares of AT&T stock traded up $0.28 during trading hours on Thursday, reaching $27.64. The stock had a trading volume of 13,362,003 shares, compared to its average volume of 36,611,784. The firm has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $25.38. The firm has a market capitalization of $198.89 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 3.00 and a beta of 0.41. 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 1 year low of $17.42 and a 1 year high of $29.03.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. AT&T's payout ratio is currently 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.