Vanguard Discloses 4.6% Stake in AT&T, Holding 329.5M Shares

TL;DR

**Vanguard still owns a huge chunk of AT&T, 4.6% to be exact, as of year-end 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of AT&T Inc. common stock as of December 29, 2023. This filing indicates that Vanguard holds 329,484,776 shares, representing 4.6% of AT&T's outstanding common stock. This matters to investors because Vanguard is a passive institutional investor, and a slight decrease in their reported stake (from a previous filing, though not detailed here) could signal a minor shift in institutional sentiment, but generally, their continued large holding suggests a stable, long-term view of AT&T.

Why It Matters

This filing confirms Vanguard's significant, but passive, ownership in AT&T, providing transparency on institutional holdings which can influence market perception and stability.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate or significant risk to AT&T or its shareholders.

Analyst Insight

This filing is a routine disclosure from a passive institutional investor. Investors should view this as confirmation of Vanguard's continued, stable presence in AT&T, rather than a signal for immediate action. It reinforces AT&T's status as a widely held stock by large index funds.

Key Numbers

• 329,484,776 — Shares Owned (The total number of AT&T common stock shares beneficially owned by The Vanguard Group.)
• 4.6% — Ownership Percentage (The percentage of AT&T's common stock owned by The Vanguard Group, indicating a significant but passive stake.)
• December 29, 2023 — Reporting Date (The specific date as of which Vanguard's ownership stake in AT&T is being reported.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• AT&T Inc. (company) — the issuer of the securities
• 329,484,776 shares (dollar_amount) — the total number of common stock shares of AT&T Inc. beneficially owned by The Vanguard Group
• 4.6% (dollar_amount) — the percentage of AT&T Inc.'s class of common stock beneficially owned by The Vanguard Group
• December 29, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in AT&T, consistent with its index-tracking investment strategies. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv0020-attinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020012.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: AT&T Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 208 South Akard Street Dallas, TX 75202

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 00206R102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR