AT&T Inc. $T Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in AT&T Inc. (NYSE:T) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 973,482 shares of the technology company’s stock after selling 241,943 shares during the period. Calamos Advisors LLC’s holdings in AT&T were worth $23,753,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of AT&T in the second quarter valued at approximately $26,000. Addison Advisors LLC purchased a new position in AT&T during the 2nd quarter worth $27,000. Robinswood Financial LLC purchased a new position in AT&T during the 1st quarter worth $29,000. Matrix Trust Co raised its position in AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,148 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new stake in AT&T during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Bank of America downgraded AT&T to an “underperform” rating in a report on Tuesday, August 4th. Scotiabank lowered their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a research report on Tuesday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.56.

AT&T Stock Down 0.9%

NYSE:T traded down $0.21 during midday trading on Friday, reaching $21.61. 40,034,569 shares of the stock traded hands, compared to its average volume of 57,463,700. The stock has a market capitalization of $145.60 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.06 and a beta of 0.30. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The business has a 50-day moving average of $23.96 and a two-hundred day moving average of $24.91.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s payout ratio is presently 60.00%.

AT&T News Roundup

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.