AT&T Inc. (NYSE:T) Stock Holdings Lifted by DigitalBridge Group Inc.

DigitalBridge Group Inc. raised its position in shares of AT&T Inc. (NYSE:T - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,865,814 shares of the technology company's stock after purchasing an additional 365,776 shares during the quarter. AT&T accounts for approximately 4.6% of DigitalBridge Group Inc.'s holdings, making the stock its 4th biggest position. DigitalBridge Group Inc.'s holdings in AT&T were worth $65,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of AT&T in the fourth quarter worth about $1,858,418,000. GQG Partners LLC increased its holdings in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. Northern Trust Corp raised its stake in AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after acquiring an additional 10,945,679 shares during the period. Assetmark Inc. lifted its holdings in AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of AT&T by 18.2% in the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after purchasing an additional 7,347,354 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada boosted their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Tigress Financial increased their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Trading Up 2.6 %

T stock opened at $28.22 on Wednesday. AT&T Inc. has a twelve month low of $17.00 and a twelve month high of $29.03. The stock has a market capitalization of $203.04 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm's fifty day simple moving average is $27.11 and its two-hundred day simple moving average is $24.63.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.93%. AT&T's payout ratio is 68.10%.

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.

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