Centaurus Financial Inc. Invests $846,000 in AT&T Inc. $T

Key Points

• Centaurus Financial initiated an AT&T position by purchasing 40,869 shares valued at approximately $846,000. Institutional investors collectively own 57.1% of the company.
• AT&T reported quarterly EPS of $0.65, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.25–$2.35.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $29.19; AT&T also offers an annualized dividend of $1.11 per share, yielding about 4.3%.

Centaurus Financial Inc. bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,869 shares of the technology company's stock, valued at approximately $846,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. IFM Investors Pty Ltd grew its stake in AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company's stock valued at $43,142,000 after purchasing an additional 74,684 shares in the last quarter. 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 raised its stake 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 in the last quarter. Cerity Partners LLC lifted its holdings in shares of AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company's stock valued at $41,449,000 after buying an additional 59,279 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company's stock valued at $50,930,000 after buying an additional 1,119,731 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on T shares. Wells Fargo & Company increased their price objective on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, July 23rd. Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research note on Wednesday, July 22nd. Finally, Argus reduced their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T Trading Up 2.4%

AT&T stock opened at $26.03 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The business's 50-day simple moving average is $23.15 and its 200-day simple moving average is $25.23. The firm has a market capitalization of $178.37 billion, a PE ratio of 8.62, a PEG ratio of 1.03 and a beta of 0.23. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

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

AT&T Dividend Announcement

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

About AT&T

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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