Thornburg Investment Management Inc. Has $721.47 Million Stake in AT&T Inc. $T

Thornburg Investment Management Inc. boosted its stake in shares of AT&T Inc. (NYSE:T) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,044,508 shares of the technology company’s stock after purchasing an additional 790,045 shares during the quarter. AT&T comprises 9.1% of Thornburg Investment Management Inc.’s portfolio, making the stock its 2nd largest holding. Thornburg Investment Management Inc. owned approximately 0.41% of AT&T worth $721,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Zinnia Wealth Advisory LLC bought a new stake in AT&T during the fourth quarter worth approximately $229,000. Perryman Financial Advisory Inc. AD bought a new stake in AT&T during the fourth quarter worth approximately $574,000. Sargent Investment Group LLC boosted its position in AT&T by 9.0% during the fourth quarter. Sargent Investment Group LLC now owns 65,194 shares of the technology company’s stock worth $1,619,000 after purchasing an additional 5,358 shares during the period. MML Investors Services LLC boosted its position in AT&T by 3.8% during the fourth quarter. MML Investors Services LLC now owns 1,822,798 shares of the technology company’s stock worth $45,278,000 after purchasing an additional 66,590 shares during the period. Finally, MYDA Advisors LLC boosted its position in AT&T by 136.7% during the fourth quarter. MYDA Advisors LLC now owns 355,069 shares of the technology company’s stock worth $8,820,000 after purchasing an additional 205,069 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $23.54 on Monday. The business has a fifty day simple moving average of $25.32 and a 200 day simple moving average of $25.86. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $163.56 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21. AT&T Inc. has a one year low of $22.32 and a one year high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is presently 37.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. KeyCorp upped their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, March 10th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Profile

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.