Inlight Wealth Management LLC Has $10.73 Million Stock Position in AT&T Inc. (NYSE:T)

Inlight Wealth Management LLC cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,231 shares of the technology company's stock after selling 21,807 shares during the quarter. AT&T accounts for 3.4% of Inlight Wealth Management LLC's portfolio, making the stock its 7th largest holding. Inlight Wealth Management LLC's holdings in AT&T were worth $10,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of T. Minot DeBlois Advisors LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new position in AT&T during the fourth quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter valued at about $28,000. Finally, Tradewinds Capital Management LLC raised its holdings 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 valued at $30,000 after buying an additional 430 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.5%

T stock opened at $27.79 on Friday. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.03. The company has a market cap of $199.96 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41. The business's 50-day simple moving average is $27.53 and its 200 day simple moving average is $25.80. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm'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 firm posted $0.55 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

T has been the topic of several recent research reports. Evercore ISI raised their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Scotiabank restated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.76.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.