Sage Capital Advisors llc Buys 2,430 Shares of AT&T Inc. (NYSE:T)

Sage Capital Advisors llc boosted its position in shares of AT&T Inc. (NYSE:T) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,367 shares of the technology company’s stock after acquiring an additional 2,430 shares during the period. Sage Capital Advisors llc’s holdings in AT&T were worth $3,132,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Twelve Points Wealth Management LLC grew its holdings in AT&T by 2.8% during the first quarter. Twelve Points Wealth Management LLC now owns 18,866 shares of the technology company’s stock valued at $363,000 after purchasing an additional 512 shares during the period. Capital Advisors Wealth Management LLC grew its stake in shares of AT&T by 5.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 11,071 shares of the technology company’s stock worth $213,000 after acquiring an additional 542 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in AT&T by 1.2% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after acquiring an additional 547 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in AT&T by 3.2% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 17,714 shares of the technology company’s stock worth $341,000 after acquiring an additional 554 shares during the last quarter. Finally, SMH Capital Advisors Inc. lifted its holdings in AT&T by 1.8% during the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after purchasing an additional 565 shares during the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.

AT&T Price Performance

NYSE:T traded up $0.01 during mid-day trading on Tuesday, reaching $15.10. The stock had a trading volume of 6,813,443 shares, compared to its average volume of 38,836,703. AT&T Inc. has a one year low of $13.43 and a one year high of $20.50. The stock has a market capitalization of $107.95 billion, a P/E ratio of -12.37, a P/E/G ratio of 1.87 and a beta of 0.64. The firm has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $16.33. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 26th. The technology company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. AT&T had a positive return on equity of 15.91% and a negative net margin of 7.22%. The company had revenue of $29.92 billion during the quarter, compared to analyst estimates of $30.07 billion. During the same quarter in the previous year, the company posted $0.65 EPS. AT&T’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.43 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date was Friday, July 7th. AT&T’s payout ratio is -90.98%.

Analysts Set New Price Targets

T has been the subject of several recent research reports. Royal Bank of Canada reduced their target price on shares of AT&T from $19.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday, August 10th. Barclays lowered their target price on shares of AT&T from $18.00 to $17.00 in a report on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price target on shares of AT&T in a report on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on AT&T from $23.00 to $22.00 in a research note on Friday, July 14th. Finally, JPMorgan Chase & Co. lowered AT&T from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $17.00 in a report on Friday, July 14th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.