AT&T Inc. (NYSE:T) Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Next Level Private LLC increased its holdings in shares of AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC increased its stake in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after purchasing an additional 384 shares during the period. Kozak & Associates Inc. raised its holdings in shares of AT&T by 9.4% in the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares during the last quarter. Firethorn Wealth Partners LLC grew its holdings in shares of AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after buying an additional 399 shares during the last quarter. Finally, Charter Oak Capital Management LLC increased its position in AT&T by 2.7% in the 1st quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock valued at $431,000 after acquiring an additional 408 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research note on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.76.

AT&T Price Performance

Shares of NYSE T traded down $0.01 during trading on Thursday, reaching $27.65. The company had a trading volume of 27,983,350 shares, compared to its average volume of 36,658,234. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The stock has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $25.72. The stock has a market capitalization of $198.92 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is presently 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.