Sapient Capital LLC Has $715,000 Position in AT&T Inc. (NYSE:T)

Sapient Capital LLC lowered its position in AT&T Inc. (NYSE:T) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,626 shares of the technology company’s stock after selling 1,778 shares during the quarter. Sapient Capital LLC’s holdings in AT&T were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in T. Exchange Traded Concepts LLC boosted its holdings in AT&T by 33.0% in the third quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock valued at $651,000 after acquiring an additional 10,758 shares during the last quarter. Walkner Condon Financial Advisors LLC bought a new stake in AT&T in the third quarter valued at approximately $438,000. Uncommon Cents Investing LLC boosted its holdings in AT&T by 13.6% in the third quarter. Uncommon Cents Investing LLC now owns 25,388 shares of the technology company’s stock valued at $381,000 after acquiring an additional 3,039 shares during the last quarter. Evanson Asset Management LLC boosted its holdings in AT&T by 6.5% in the third quarter. Evanson Asset Management LLC now owns 21,031 shares of the technology company’s stock valued at $316,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Charles Schwab Trust Co bought a new stake in AT&T in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock traded down $0.12 during trading hours on Tuesday, hitting $16.90. 31,792,882 shares of the company’s stock traded hands, compared to its average volume of 39,373,371. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The stock has a market capitalization of $120.85 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 3.32 and a beta of 0.57. The company has a fifty day simple moving average of $16.97 and a 200-day simple moving average of $16.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.57%. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on T shares. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Company Profile

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.