Caprock Group LLC Acquires New Stake in AT&T Inc. $T

Caprock Group LLC bought a new position in AT&T Inc. (NYSE:T) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 380,979 shares of the technology company’s stock, valued at approximately $11,159,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Front Row Advisors LLC bought a new stake in AT&T during the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the last quarter. Solstein Capital LLC grew its position in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares during the period. Curio Wealth LLC increased its stake in shares of AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in AT&T in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on T. Citigroup lowered their target price on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Morgan Stanley cut their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Loop Capital set a $29.00 price objective on shares of AT&T in a research note on Friday, December 19th. Finally, Scotiabank restated a “sector perform” rating and set a $29.50 target price on shares of AT&T in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.83.

AT&T Price Performance

T stock opened at $27.41 on Wednesday. The company has a market capitalization 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. The company’s fifty day moving average price is $24.68 and its 200-day moving average price is $26.31. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

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

AT&T Announces Dividend

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

About AT&T

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.