AT&T Inc. (NYSE:T) Stock Holdings Reduced by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp cut its position in shares of AT&T Inc. (NYSE:T - Free Report) by 42.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,424 shares of the technology company's stock after selling 48,093 shares during the period. Consolidated Portfolio Review Corp's holdings in AT&T were worth $1,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of AT&T by 1.0% during the 4th quarter. Wealthspire Advisors LLC now owns 110,180 shares of the technology company's stock valued at $2,509,000 after acquiring an additional 1,130 shares during the last quarter. MONECO Advisors LLC raised its stake in shares of AT&T by 46.0% in the 4th quarter. MONECO Advisors LLC now owns 64,407 shares of the technology company's stock valued at $1,467,000 after acquiring an additional 20,285 shares in the last quarter. World Equity Group Inc. raised its stake in shares of AT&T by 11.3% in the 4th quarter. World Equity Group Inc. now owns 11,525 shares of the technology company's stock valued at $262,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in AT&T in the 4th quarter worth approximately $1,639,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on T. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Cowen reiterated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Tigress Financial lifted their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Morgan Stanley restated 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. Finally, UBS Group reiterated a "buy" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.76.

AT&T Trading Up 1.7%

Shares of AT&T stock opened at $28.23 on Tuesday. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.03. The firm has a market capitalization of $203.13 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The company's fifty day moving average price is $27.55 and its two-hundred day moving average price is $25.84.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the firm posted $0.55 earnings per share. AT&T's revenue was up 2.0% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post 2.14 EPS 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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