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

Sage Capital Advisors llc raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.3% during the second quarter, according to the company in its most recent disclosure 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 quarter. Sage Capital Advisors llc’s holdings in AT&T were worth $3,132,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in T. Steward Financial Group LLC boosted its stake in AT&T by 159.7% during the first quarter. Steward Financial Group LLC now owns 1,561 shares of the technology company’s stock valued at $30,000 after buying an additional 960 shares during the last quarter. Carmel Capital Partners LLC purchased a new stake in shares of AT&T during the 1st quarter worth approximately $31,000. FWL Investment Management LLC bought a new position in shares of AT&T during the 4th quarter valued at approximately $31,000. Lakewood Asset Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at $32,000. Finally, Sageworth Trust Co bought a new stake in AT&T in the first quarter worth $32,000. 53.65% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Up 0.1 %

T stock traded up $0.01 during trading on Tuesday, hitting $15.10. The company had a trading volume of 6,813,443 shares, compared to its average volume of 38,836,703. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $20.50. The company has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $16.33. The firm has a market capitalization of $107.95 billion, a P/E ratio of -12.37, a PEG ratio of 1.87 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.10.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.11 annualized dividend and a dividend yield of 7.35%. AT&T’s payout ratio is currently -90.98%.

Wall Street Analyst Weigh In

Several equities analysts have commented on T shares. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price objective on shares of AT&T in a research report on Thursday, August 3rd. JPMorgan Chase & Co. lowered AT&T from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $22.00 to $17.00 in a research report on Friday, July 14th. Wells Fargo & Company reduced their price objective on AT&T from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, July 20th. Moffett Nathanson raised AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price objective for the company in a research note on Tuesday, June 6th. Finally, Argus downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

About AT&T

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.