Sage Capital Advisors llc Purchases 1,176 Shares of AT&T Inc. (NYSE:T)

Sage Capital Advisors llc lifted its position in shares of AT&T Inc. (NYSE:T) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,917 shares of the technology company’s stock after purchasing an additional 1,176 shares during the quarter. AT&T makes up about 1.5% of Sage Capital Advisors llc’s investment portfolio, making the stock its 23rd largest position. Sage Capital Advisors llc’s holdings in AT&T were worth $5,597,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of AT&T by 13.7% during the 4th quarter. Perigon Wealth Management LLC now owns 122,420 shares of the technology company’s stock worth $2,696,000 after buying an additional 14,756 shares during the period. Gateway Wealth Partners LLC boosted its stake in AT&T by 18.7% in the 4th quarter. Gateway Wealth Partners LLC now owns 17,653 shares of the technology company’s stock valued at $402,000 after buying an additional 2,784 shares in the last quarter. Strategic Blueprint LLC boosted its stake in AT&T by 9.5% in the 4th quarter. Strategic Blueprint LLC now owns 30,769 shares of the technology company’s stock valued at $701,000 after buying an additional 2,680 shares in the last quarter. Finally, Allen Capital Group LLC grew its position in AT&T by 6.1% in the fourth quarter. Allen Capital Group LLC now owns 21,896 shares of the technology company’s stock valued at $499,000 after acquiring an additional 1,253 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of AT&T in a report on Monday, April 7th. Wells Fargo & Company increased their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Scotiabank reissued an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial upped their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Evercore ISI raised their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.71.

AT&T Stock Performance

Shares of NYSE:T opened at $27.38 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $17.16 and a 1-year high of $29.03. The stock has a market capitalization of $196.98 billion, a P/E ratio of 18.37, a P/E/G ratio of 3.00 and a beta of 0.42. The business has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $25.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is 68.10%.

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.