Thornburg Investment Management Inc. Has $797.91 Million Stake in AT&T Inc. $T

Thornburg Investment Management Inc. lifted its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,254,463 shares of the technology company’s stock after purchasing an additional 773,022 shares during the period. AT&T comprises approximately 10.4% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Thornburg Investment Management Inc. owned 0.40% of AT&T worth $797,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares in the last quarter. State Street Corp increased its position in shares of AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after buying an additional 7,404,376 shares during the period. Geode Capital Management LLC increased its position in shares of AT&T by 1.2% during the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after buying an additional 2,066,026 shares during the period. Norges Bank purchased a new stake in shares of AT&T in the second quarter worth about $2,228,655,000. Finally, Ameriprise Financial Inc. boosted its position in shares of AT&T by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after acquiring an additional 4,404,688 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 1.7%

T opened at $27.86 on Thursday. The business’s fifty day simple moving average is $25.49 and its 200 day simple moving average is $26.37. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market cap of $195.05 billion, a PE ratio of 9.14, a P/E/G ratio of 1.05 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. AT&T’s dividend payout ratio (DPR) is 36.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. KeyCorp restated an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.