AT&T Inc. (NYSE:T) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 35.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 801,362 shares of the technology company's stock after selling 441,393 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in AT&T were worth $22,663,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of T. Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new position in AT&T during the fourth quarter worth approximately $25,000. Putney Financial Group LLC purchased a new position in AT&T during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC raised its stake 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 worth $30,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Tigress Financial raised their target price on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. 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 note on Thursday, April 24th. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.76.

AT&T Stock Up 1.7%

T stock traded up $0.46 during mid-day trading on Monday, hitting $28.23. 32,918,838 shares of the company were exchanged, compared to its average volume of 36,577,372. The company 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 current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.03. The firm has a fifty day simple moving average of $27.55 and a 200 day simple moving average of $25.84.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. AT&T's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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.