Calamos Advisors LLC Has $25.16 Million Position in AT&T Inc. $T

Key Points

• Calamos Advisors reduced its AT&T position by 4.4% in the second quarter, selling 55,667 shares and retaining 1,215,425 shares valued at approximately $25.16 million. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $29.19. Recent actions included Morgan Stanley raising its target to $27 and Weiss Ratings upgrading the stock to “buy,” while Oppenheimer downgraded it to “market perform.”
• AT&T beat quarterly earnings expectations with $0.65 in EPS versus the $0.59 consensus, though revenue of $31.56 billion slightly missed estimates. The company also maintains a quarterly dividend of $0.2775, equivalent to a $1.11 annualized payout and a 4.5% yield.

Calamos Advisors LLC cut its holdings in AT&T Inc. (NYSE:T - Free Report) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,215,425 shares of the technology company's stock after selling 55,667 shares during the period. Calamos Advisors LLC's holdings in AT&T were worth $25,159,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. IFM Investors Pty Ltd lifted its position 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 acquiring an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of AT&T during the first quarter valued at approximately $2,901,000. World Investment Advisors increased its position in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company's stock valued at $8,419,000 after purchasing an additional 155,728 shares during the period. Cerity Partners LLC lifted its position in AT&T by 3.7% in the fourth 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 during the period. Finally, ING Groep NV lifted its position in AT&T by 120.3% in the fourth 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 during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on T shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Morgan Stanley upped their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. TD Cowen increased their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Oppenheimer lowered AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Stock Performance

AT&T stock opened at $24.89 on Monday. The stock has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $25.26. The stock has a market capitalization of $170.58 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.01 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $31.80 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company's 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. On average, research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, July 10th. AT&T's payout ratio is 36.75%.

More AT&T News

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

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T's Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

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.

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