Caprock Group LLC Has $4.31 Million Stock Position in AT&T Inc. (NYSE:T)

Caprock Group LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,991 shares of the technology company's stock after purchasing an additional 30,281 shares during the period. Caprock Group LLC's holdings in AT&T were worth $4,312,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC boosted its position in shares of AT&T by 2.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 24,389 shares of the technology company's stock valued at $537,000 after purchasing an additional 501 shares in the last quarter. Windle Wealth LLC lifted its stake in AT&T by 2.0% during the third quarter. Windle Wealth LLC now owns 377,382 shares of the technology company's stock valued at $8,302,000 after purchasing an additional 7,477 shares during the last quarter. New England Asset Management Inc. boosted its holdings in AT&T by 24.5% during the third quarter. New England Asset Management Inc. now owns 315,940 shares of the technology company's stock worth $6,951,000 after buying an additional 62,075 shares in the last quarter. Joseph Group Capital Management grew its position in AT&T by 4.5% in the third quarter. Joseph Group Capital Management now owns 186,976 shares of the technology company's stock worth $4,113,000 after buying an additional 7,991 shares during the last quarter. Finally, OneAscent Wealth Management LLC increased its holdings in shares of AT&T by 17.8% in the third quarter. OneAscent Wealth Management LLC now owns 27,239 shares of the technology company's stock valued at $599,000 after buying an additional 4,114 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T traded down $0.26 during mid-day trading on Tuesday, hitting $22.73. The company's stock had a trading volume of 24,639,748 shares, compared to its average volume of 35,466,930. AT&T Inc. has a one year low of $15.85 and a one year high of $23.20. The stock's 50-day moving average is $21.94 and its two-hundred day moving average is $19.84. The firm has a market capitalization of $163.09 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.88%. AT&T's dividend payout ratio (DPR) is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on T shares. Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Moffett Nathanson raised their target price on AT&T from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Finally, Oppenheimer upped their price target on AT&T from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.40.

AT&T 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.