Evoke Wealth LLC Has $826,000 Stock Position in AT&T Inc. (NYSE:T)

Evoke Wealth LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,296 shares of the technology company’s stock after purchasing an additional 738 shares during the period. Evoke Wealth LLC’s holdings in AT&T were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in AT&T by 2.3% in the third 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 period. Bank of New York Mellon Corp grew its stake in AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after acquiring an additional 5,649,277 shares during the period. FMR LLC grew its stake in AT&T by 1.9% in the third 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 period. Charles Schwab Investment Management Inc. grew its stake in AT&T by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company’s stock valued at $1,208,123,000 after acquiring an additional 414,984 shares during the period. Finally, Amundi grew its stake in AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock valued at $753,318,000 after acquiring an additional 5,614,168 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Stock Performance

Shares of T opened at $26.60 on Wednesday. The firm has a market cap of $190.97 billion, a PE ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. The stock’s fifty day moving average price is $24.84 and its two-hundred day moving average price is $23.18. 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 $27.97.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

About AT&T

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.