Sage Mountain Advisors LLC Grows Stock Holdings in AT&T Inc. $T

Sage Mountain Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 27.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,274 shares of the technology company’s stock after purchasing an additional 11,269 shares during the quarter. Sage Mountain Advisors LLC’s holdings in AT&T were worth $1,513,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Parcion Private Wealth LLC grew its holdings in AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after acquiring an additional 364 shares in the last quarter. David J Yvars Group grew its holdings in AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after acquiring an additional 372 shares in the last quarter. AllSquare Wealth Management LLC grew its holdings in AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after acquiring an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc grew its holdings in AT&T by 2.6% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after acquiring an additional 380 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in AT&T by 0.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after acquiring an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Williams Trading set a $33.00 target price on shares of AT&T in a report on Thursday. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Saturday. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday. Royal Bank Of Canada lowered their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Stock Performance

Shares of AT&T stock opened at $25.17 on Friday. The firm has a market capitalization of $179.95 billion, a P/E ratio of 8.17, a PEG ratio of 1.99 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of $27.97 and a 200 day moving average price of $27.75. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

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.