81,616,938 Shares in AT&T Inc. (NYSE:T) Bought by Norges Bank

Norges Bank acquired a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 81,616,938 shares of the technology company's stock, valued at approximately $1,858,418,000. Norges Bank owned 1.14% of AT&T as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter valued at about $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.0 %

Shares of NYSE T traded down $0.00 during mid-day trading on Friday, reaching $28.20. The company had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.51. The business's 50-day moving average is $25.70 and its 200-day moving average is $23.53. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's dividend payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on T shares. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Citigroup increased their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Scotiabank boosted their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.79.

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.