North Star Asset Management Inc. Acquires New Position in AT&T Inc. $T

North Star Asset Management Inc. bought a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,812 shares of the technology company’s stock, valued at approximately $534,000.

Several other institutional investors and hedge funds also recently bought and sold shares of T. IFM Investors Pty Ltd raised its holdings in shares of AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after purchasing an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of AT&T during the 1st quarter worth about $2,901,000. World Investment Advisors grew its holdings in shares of AT&T by 85.0% during the 4th 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 period. Cerity Partners LLC increased its position in AT&T by 3.7% during the 4th 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 in the last quarter. Finally, ING Groep NV increased its position in AT&T by 120.3% during the 4th 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 in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s operating margin reportedly reached a multi-year high as the company winds down its copper network. Lower legacy-network costs and operating leverage could improve profitability and support cash generation. AT&T Stock’s Margin Hit A Multi-Year Best As Its Copper Network Winds Down
• Positive Sentiment: Recent bullish investment analysis argues that AT&T’s turnaround has further upside, citing its discounted valuation, robust cash flows, fiber expansion, and growth in its Advanced Connectivity segment. Management’s target for 2026 EBITDA growth of 3%–4%, accelerating to more than 5% annually from 2028, strengthens the long-term case. AT&T Doesn’t Need Heroic Results To Offer Heroic Upside
• Positive Sentiment: AT&T’s investment and partnership with Hark could position its network as an infrastructure provider for AI-native, always-connected consumer devices. The opportunity is early-stage but offers potential exposure to new connectivity demand beyond smartphones. Investors Reacting to AT&T Backing Hark’s AI-Native Device Ecosystem
• Neutral Sentiment: AT&T, T-Mobile, and Verizon are described as overcoming a shared competitive or regulatory challenge involving satellite-based connectivity. The development may ease concerns about satellite disruption, but the article provides limited detail on its direct financial impact. AT&T, T-Mobile, and Verizon Defeat a Common Foe
• Neutral Sentiment: AT&T will release third-quarter 2026 results before the market opens on October 21 and hold a conference call afterward. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess subscriber trends, fiber growth, margins, and guidance. AT&T to Release Third-Quarter 2026 Earnings on Oct. 21
• Neutral Sentiment: AT&T is promoting free Turbo Live access at select football season openers and selling season passes. The campaign could support brand engagement and customer acquisition, but its immediate financial contribution is likely limited. AT&T Kicks Off Football Season with Free Turbo Live

AT&T Trading Up 2.4%

NYSE T opened at $26.03 on Friday. The stock has a market cap of $178.37 billion, a P/E ratio of 8.62, a PEG ratio of 1.03 and a beta of 0.23. The company’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $25.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on T shares. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. Morgan Stanley lifted their target price on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Finally, Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

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.