Sapient Capital LLC Buys 579 Shares of AT&T Inc. (NYSE:T)

Sapient Capital LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,561 shares of the technology company’s stock after purchasing an additional 579 shares during the quarter. Sapient Capital LLC’s holdings in AT&T were worth $855,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of T. Geode Capital Management LLC grew its position in AT&T by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares during the last quarter. FMR LLC grew its position in AT&T by 1.9% in the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock valued at $1,341,693,000 after acquiring an additional 1,149,688 shares during the last quarter. Swiss National Bank grew its position in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after acquiring an additional 104,700 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in AT&T by 1.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,543,563 shares of the technology company’s stock valued at $399,467,000 after acquiring an additional 325,073 shares during the last quarter. Finally, National Pension Service grew its position in AT&T by 15.8% in the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company’s stock valued at $346,934,000 after acquiring an additional 2,152,016 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

Shares of NYSE T opened at $25.16 on Wednesday. The business has a fifty day moving average price of $23.09 and a 200 day moving average price of $21.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $25.18. The stock has a market capitalization of $180.50 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, 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 report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.21.

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.