AT&T Inc. (NYSE:T) Stock Position Raised by DigitalBridge Group Inc.

DigitalBridge Group Inc. lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,865,814 shares of the technology company's stock after acquiring an additional 365,776 shares during the period. AT&T makes up about 4.6% of DigitalBridge Group Inc.'s holdings, making the stock its 4th largest holding. DigitalBridge Group Inc.'s holdings in AT&T were worth $65,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

AT&T Stock Up 1.5 %

Shares of NYSE T traded up $0.41 on Friday, reaching $27.88. 29,202,762 shares of the company's stock traded hands, compared to its average volume of 36,503,549. The business's 50 day simple moving average is $27.15 and its two-hundred day simple moving average is $24.75. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The company has a market cap of $200.61 billion, a price-to-earnings ratio of 18.71, 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.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Barclays raised their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Company Profile

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.