Sage Mountain Advisors LLC Acquires 11,269 Shares of AT&T Inc. $T

Key Points

• Sage Mountain Advisors LLC increased its holdings in AT&T by 27.5% after acquiring an additional 11,269 shares, bringing its total to 52,274 shares worth $1,513,000.
• AT&T recently reported a quarterly EPS of $0.54, meeting analysts' expectations, while its revenue reached $30.71 billion, slightly below the forecast of $30.85 billion.
• The company announced a quarterly dividend of $0.2775 per share, which translates to an annualized dividend of $1.11 and a yield of 4.4%.

Sage Mountain Advisors LLC increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 27.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,274 shares of the technology company's stock after buying an additional 11,269 shares during the period. Sage Mountain Advisors LLC's holdings in AT&T were worth $1,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parcion Private Wealth LLC boosted its stake in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company's stock valued at $431,000 after purchasing an additional 364 shares in the last quarter. David J Yvars Group boosted its stake in shares of AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company's stock valued at $402,000 after purchasing an additional 372 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock valued at $161,000 after purchasing an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc boosted its stake in shares of 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 valued at $425,000 after purchasing an additional 380 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of AT&T by 0.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company's stock valued at $1,470,000 after purchasing an additional 381 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of research reports. HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of AT&T in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $30.67.

AT&T Stock Up 2.2%

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

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion during the quarter, compared to analysts' expectations of $30.85 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, October 10th. AT&T's payout ratio is 63.07%.

AT&T 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.

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