AT&T Inc. (NYSE:T) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company lowered its holdings in AT&T Inc. (NYSE:T - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,863 shares of the technology company's stock after selling 9,070 shares during the quarter. L.M. Kohn & Company's holdings in AT&T were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of T. Osborne Partners Capital Management LLC purchased a new position in AT&T in the first quarter worth $216,000. Good Steward Wealth Advisors LLC acquired a new stake in shares of AT&T in the first quarter worth $573,000. Alta Capital Management LLC increased its stake in shares of AT&T by 4.7% in the first quarter. Alta Capital Management LLC now owns 196,856 shares of the technology company's stock worth $5,567,000 after acquiring an additional 8,875 shares during the period. Avior Wealth Management LLC boosted its stake in shares of AT&T by 1.8% in the first quarter. Avior Wealth Management LLC now owns 74,413 shares of the technology company's stock worth $2,104,000 after buying an additional 1,300 shares during the last quarter. Finally, LongView Wealth Management lifted its holdings in AT&T by 6.6% in the first quarter. LongView Wealth Management now owns 41,945 shares of the technology company's stock valued at $1,186,000 after acquiring an additional 2,594 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 0.5%

Shares of AT&T stock traded up $0.13 during trading on Friday, hitting $27.79. 51,458,475 shares of the stock were exchanged, compared to its average volume of 36,717,341. 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 firm's 50-day moving average price is $27.51 and its 200 day moving average price is $25.76. The stock has a market cap of $199.96 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41. AT&T Inc. has a 12-month low of $17.90 and a 12-month high of $29.03.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business 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 company's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday. TD Securities raised their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Cowen reaffirmed a "hold" rating on shares of AT&T 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price 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.