Sage Rhino Capital LLC Purchases Shares of 12,144 AT&T Inc. (NYSE:T)

Sage Rhino Capital LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,144 shares of the technology company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of T. Carmel Capital Partners LLC lifted its stake in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares during the last quarter. Lipe & Dalton bought a new stake in shares of AT&T in the 3rd quarter worth $30,000. Ramirez Asset Management Inc. bought a new position in AT&T during the third quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its stake in AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,626 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on T shares. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Trading Down 0.1 %

Shares of NYSE:T traded down $0.02 on Wednesday, hitting $16.87. The company had a trading volume of 4,942,946 shares, compared to its average volume of 38,953,918. The firm’s 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $16.62. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $120.67 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 3.38 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the business earned $0.60 EPS. AT&T’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s payout ratio is currently 59.68%.

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.