Caprock Group LLC Makes New Investment in AT&T Inc. $T

Caprock Group LLC bought a new stake in shares of AT&T Inc. (NYSE:T) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 380,979 shares of the technology company’s stock, valued at approximately $11,159,000.

A number of other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers lifted its position in AT&T by 0.4% in the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after buying an additional 49,727 shares during the last quarter. Krilogy Financial LLC grew its holdings in AT&T by 8.0% during the 3rd quarter. Krilogy Financial LLC now owns 56,235 shares of the technology company’s stock valued at $1,588,000 after purchasing an additional 4,185 shares during the last quarter. ABC Arbitrage SA bought a new position in AT&T during the 3rd quarter valued at about $1,061,000. BlueChip Wealth Advisors LLC purchased a new stake in AT&T in the 3rd quarter worth about $254,000. Finally, Wealthstream Advisors Inc. boosted its position in shares of AT&T by 7.8% during the third quarter. Wealthstream Advisors Inc. now owns 7,661 shares of the technology company’s stock valued at $216,000 after buying an additional 552 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Wells Fargo & Company lowered their target price on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T Stock Up 1.1%

NYSE:T opened at $27.41 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a 50-day moving average of $24.68 and a 200 day moving average of $26.31. The firm has a market cap of $194.32 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s dividend payout ratio is currently 36.39%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.