Sagespring Wealth Partners LLC Purchases 23,066 Shares of AT&T Inc. (NYSE:T)

Sagespring Wealth Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,985 shares of the technology company's stock after buying an additional 23,066 shares during the period. Sagespring Wealth Partners LLC's holdings in AT&T were worth $3,789,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its position in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Van ECK Associates Corp increased its position in shares of AT&T by 1.9% during the fourth quarter. Van ECK Associates Corp now owns 404,343 shares of the technology company's stock worth $9,207,000 after purchasing an additional 7,385 shares in the last quarter. Blue Trust Inc. increased its position in shares of AT&T by 18.8% during the fourth quarter. Blue Trust Inc. now owns 99,506 shares of the technology company's stock worth $2,266,000 after purchasing an additional 15,770 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter worth $213,000. Finally, Roxbury Financial LLC acquired a new position in shares of AT&T during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Morgan Stanley reissued an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. TD Securities upped their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays upped their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Evercore ISI upped their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Stock Down 0.5%

AT&T stock opened at $28.13 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. The company has a market capitalization of $202.43 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The firm has a 50 day moving average price of $27.41 and a 200 day moving average price of $25.66.

AT&T (NYSE:T - Get Free Report) 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 net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the prior year, the business earned $0.55 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

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.

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