AT&T Inc. (NYSE:T) is DigitalBridge Group Inc.’s 4th Largest Position

DigitalBridge Group Inc. increased its position in AT&T Inc. (NYSE:T) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,865,814 shares of the technology company’s stock after purchasing an additional 365,776 shares during the quarter. AT&T makes up about 4.6% of DigitalBridge Group Inc.’s portfolio, 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 reporting period.

Several other institutional investors also recently bought and sold shares of T. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC increased its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter worth $34,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of AT&T during the 4th quarter worth $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T opened at $28.22 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a 50 day moving average price of $27.11 and a 200-day moving average price of $24.63. AT&T Inc. has a 1-year low of $17.00 and a 1-year high of $29.03. The firm has a market cap 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.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.93%. AT&T’s payout ratio is 68.10%.

Analyst Ratings Changes

Several equities analysts have issued reports on T shares. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Barclays raised their target price on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Evercore ISI upped their price target on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research report on Thursday, April 24th. Finally, Scotiabank reiterated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

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.