AT&T Inc. (NYSE:T) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,348,449 shares of the technology company’s stock after selling 14,153 shares during the quarter. Calamos Advisors LLC’s holdings in AT&T were worth $22,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in shares of AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after acquiring an additional 76,746,649 shares in the last quarter. Norges Bank acquired a new stake in AT&T during the fourth quarter worth about $1,229,499,000. Ameriprise Financial Inc. grew its position in AT&T by 185.6% during the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares in the last quarter. FMR LLC boosted its holdings in AT&T by 130.5% during the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after purchasing an additional 32,558,342 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in AT&T by 37.3% during the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after purchasing an additional 29,769,976 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Stock Up 0.5 %

Shares of NYSE:T traded up $0.08 during midday trading on Friday, hitting $16.41. 6,133,894 shares of the company’s stock were exchanged, compared to its average volume of 38,028,473. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The stock has a 50 day moving average price of $17.01 and a 200-day moving average price of $16.48. The company has a market cap of $117.38 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.72.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.76%. AT&T’s dividend payout ratio is 56.63%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.