Thornburg Investment Management Inc. Increases Position in AT&T Inc. $T

Thornburg Investment Management Inc. increased its stake in AT&T Inc. (NYSE:T) by 2.8% in the third quarter, HoldingsChannel reports. The fund owned 28,254,463 shares of the technology company’s stock after purchasing an additional 773,022 shares during the period. AT&T makes up about 10.4% of Thornburg Investment Management Inc.’s portfolio, making the stock its 2nd biggest position. Thornburg Investment Management Inc.’s holdings in AT&T were worth $797,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. J. L. Bainbridge & Co. Inc. increased its stake in AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after purchasing an additional 355 shares during the period. Financial & Tax Architects LLC increased its stake in shares of AT&T by 4.9% in the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after buying an additional 356 shares during the period. Roberts Glore & Co. Inc. IL raised its holdings in AT&T by 2.0% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after buying an additional 357 shares during the last quarter. Investment Partners LTD. raised its holdings in AT&T by 3.5% during the 2nd quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after buying an additional 357 shares during the last quarter. Finally, Texas Bank & Trust Co boosted its position in AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock valued at $1,860,000 after buying an additional 364 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T opened at $27.86 on Thursday. The company has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $26.37. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The firm has a market capitalization of $195.05 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.05 and a beta of 0.39. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given 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 yield of 4.0%. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on T. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Arete Research set a $20.00 price target on AT&T in a research report on Tuesday, January 6th. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $29.50 price objective on shares of AT&T in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $29.93.

AT&T Company 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.