Stocks / Alpha Vantage News Sentiment

Sumitomo Mitsui Trust Group Inc. Sells 897,296 Shares of AT&T Inc. $T

Sumitomo Mitsui Trust Group Inc. reduced its stake in AT&T Inc. by 4.6% in the first quarter, selling 897,296 shares, but still holds 18.8 million shares valued at approximately $544.4 million. AT&T reported better-than-expected first-quarter results with EPS of $0.57 and revenue of $31.51 billion, also declaring a quarterly dividend of $0.2775. Analysts currently rate AT&T as a "Moderate Buy" with an average price target of $29.68.