AT&T Inc. (NYSE:T) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,784 shares of the technology company's stock after selling 19,920 shares during the period. Stableford Capital II LLC's holdings in AT&T were worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of T. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth $28,000. Finally, Tradewinds Capital Management LLC increased its position in shares of 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 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

A number of research firms have recently weighed in on T. Tigress Financial upped their price objective on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley reissued an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.76.

AT&T Stock Performance

NYSE T opened at $27.65 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a 1 year low of $17.90 and a 1 year high of $29.03. The company has a market capitalization of $198.92 billion, a PE ratio of 16.96, a P/E/G ratio of 3.85 and a beta of 0.41. The company has a fifty day moving average of $27.51 and a two-hundred day moving average of $25.76.

AT&T (NYSE:T - Get Free Report) last released 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 net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

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.

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