Sage Rhino Capital LLC Invests $204,000 in AT&T Inc. (NYSE:T)

Sage Rhino Capital LLC bought a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent 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 made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of AT&T by 35.3% in the 4th 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. JB Capital LLC boosted its position in shares of AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of AT&T by 0.6% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company’s stock worth $1,877,000 after buying an additional 630 shares in the last quarter. Schubert & Co boosted its position in shares of AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after buying an additional 631 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in AT&T by 4.5% in the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock valued at $270,000 after purchasing an additional 678 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Finally, Citigroup increased their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Stock Performance

T stock traded down $0.02 during mid-day trading on Wednesday, reaching $16.87. The company had a trading volume of 4,942,946 shares, compared to its average volume of 38,953,918. 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 stock has a market capitalization of $120.67 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.38 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The stock’s 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $16.62.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

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 paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

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.