Nilsine Partners LLC Sells 9,028 Shares of AT&T Inc. (NYSE:T)

Nilsine Partners LLC lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,467 shares of the technology company's stock after selling 9,028 shares during the period. Nilsine Partners LLC's holdings in AT&T were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in T. Minot DeBlois Advisors LLC acquired a new position in AT&T in the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in AT&T in the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new position in AT&T in the fourth quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC increased its holdings 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 buying an additional 430 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on T shares. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.76.

AT&T Trading Up 0.5%

Shares of NYSE T traded up $0.13 during midday trading on Friday, reaching $27.79. 51,458,475 shares of the stock were exchanged, compared to its average volume of 36,735,812. The business has a 50-day simple moving average of $27.53 and a two-hundred day simple moving average of $25.78. The company has a market capitalization of $199.96 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 3.85 and a beta of 0.41. AT&T Inc. has a 12 month low of $18.07 and a 12 month high of $29.03. 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 (NYSE:T - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

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.