AT&T Inc. $T Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its stake in shares of AT&T Inc. (NYSE:T) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund 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 holdings, making the stock its 2nd largest position. Thornburg Investment Management Inc.’s holdings in AT&T were worth $721,466,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Annex Advisory Services LLC grew its holdings in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the last quarter. World Investment Advisors grew its holdings in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. ING Groep NV grew its holdings in shares of AT&T by 120.3% during the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after purchasing an additional 1,119,731 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the last quarter. Finally, WealthPlan Investment Management LLC grew its holdings in shares of AT&T by 415.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 51,055 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $23.54 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. The stock has a market cap of $163.56 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. The stock’s 50-day moving average price is $25.32 and its two-hundred day moving average price is $25.86.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the business earned $0.51 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen cut AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. Morgan Stanley assumed coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

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.