AT&T Inc. (NYSE:T) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lessened its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 26.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,175 shares of the technology company's stock after selling 10,711 shares during the period. Cyndeo Wealth Partners LLC's holdings in AT&T were worth $853,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Tuesday. Royal Bank Of Canada raised their target price 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. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group reissued a "buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $28.76.

AT&T Stock Up 0.5%

AT&T stock traded up $0.13 during midday trading on Friday, reaching $27.79. The company's stock had a trading volume of 46,013,592 shares, compared to its average volume of 36,717,060. 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 stock has a market capitalization of $199.96 billion, a P/E ratio of 17.05, a PEG ratio of 3.85 and a beta of 0.41. The stock's 50-day simple moving average is $27.51 and its 200-day simple moving average is $25.76. AT&T Inc. has a 52-week low of $17.90 and a 52-week high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, sell-side 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.