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

Calamos Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 large investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC grew its stake in AT&T by 4.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock valued at $264,000 after purchasing an additional 392 shares during the last quarter. M.E. Allison & CO. Inc. boosted its position in AT&T by 0.5% in the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock valued at $1,593,000 after buying an additional 397 shares during the last quarter. Accredited Investors Inc. boosted its position in AT&T by 3.5% in the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after buying an additional 400 shares during the last quarter. Welch & Forbes LLC boosted its position in AT&T by 0.3% in the first quarter. Welch & Forbes LLC now owns 133,287 shares of the technology company’s stock valued at $3,864,000 after buying an additional 432 shares during the last quarter. Finally, Bank & Trust Co increased its holdings in AT&T by 0.9% in the 3rd quarter. Bank & Trust Co now owns 52,105 shares of the technology company’s stock worth $1,271,000 after buying an additional 440 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T traded down $0.21 during trading hours on Friday, hitting $21.61. The stock had a trading volume of 40,034,569 shares, compared to its average volume of 57,463,700. The firm has a 50-day moving average price of $23.96 and a 200 day moving average price of $24.91. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The firm has a market capitalization of $145.60 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.06 and a beta of 0.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend

The company also recently announced 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. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

Key Stories Impacting AT&T

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James Financial reduced their price target on shares of AT&T from $33.00 to $29.00 in a research report on Thursday, October 22nd. The Goldman Sachs Group set a $27.00 price objective on AT&T in a report on Wednesday, October 21st. Argus restated a “buy” rating and issued a $30.00 target price on shares of AT&T in a research note on Thursday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research note on Friday, October 30th. Finally, Citigroup dropped their target price on AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.56.

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.