Sage Mountain Advisors LLC Purchases 4,493 Shares of AT&T Inc. (NYSE:T)

Sage Mountain Advisors LLC grew its position in shares of AT&T Inc. (NYSE:T) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,813 shares of the technology company’s stock after purchasing an additional 4,493 shares during the period. Sage Mountain Advisors LLC’s holdings in AT&T were worth $861,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in T. Assetmark Inc. raised its stake in AT&T by 62.0% in the third quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock valued at $4,288,000 after purchasing an additional 74,607 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in shares of AT&T in the 3rd quarter worth $261,000. Ashton Thomas Securities LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $812,000. Patten & Patten Inc. TN lifted its holdings in shares of AT&T by 9.2% during the 3rd quarter. Patten & Patten Inc. TN now owns 17,820 shares of the technology company’s stock worth $392,000 after acquiring an additional 1,505 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in AT&T by 35.6% in the third quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock worth $331,000 after acquiring an additional 3,948 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $26.02 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $186.74 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s 50 day moving average price is $24.46 and its 200-day moving average price is $22.94. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts predict 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 was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.27%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on T shares. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Royal Bank of Canada raised their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

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.