AT&T Inc. (NYSE:T) Shares Bought by Caprock Group LLC

Caprock Group LLC raised its stake in AT&T Inc. (NYSE:T) by 44.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 165,710 shares of the technology company’s stock after purchasing an additional 50,760 shares during the quarter. Caprock Group LLC’s holdings in AT&T were worth $3,167,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of AT&T by 0.4% during the first quarter. Vanguard Group Inc. now owns 624,994,998 shares of the technology company’s stock worth $10,999,912,000 after purchasing an additional 2,588,539 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock worth $1,549,375,000 after purchasing an additional 5,592,123 shares in the last quarter. Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth about $1,118,288,000. LSV Asset Management lifted its position in shares of AT&T by 1.1% during the first quarter. LSV Asset Management now owns 29,777,030 shares of the technology company’s stock worth $524,076,000 after purchasing an additional 333,787 shares in the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of AT&T by 8.6% during the first quarter. Thornburg Investment Management Inc. now owns 20,476,671 shares of the technology company’s stock worth $360,389,000 after buying an additional 1,616,598 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $20.97 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm has a market cap of $150.36 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The company’s 50 day simple moving average is $19.31 and its 200-day simple moving average is $18.02. AT&T Inc. has a 12-month low of $14.12 and a 12-month high of $21.00.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.29%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on T shares. Moffett Nathanson upped their target price on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. TD Cowen upped their target price on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Finally, Daiwa America upgraded shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $22.06.

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.