Calamos Advisors LLC Purchases 584,680 Shares of AT&T Inc. (NYSE:T)

Calamos Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,845,826 shares of the technology company's stock after acquiring an additional 584,680 shares during the quarter. Calamos Advisors LLC's holdings in AT&T were worth $52,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Next Level Private LLC boosted its stake in shares of AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. boosted its position in AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the period. Silver Oak Securities Incorporated boosted its position in AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after purchasing an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC grew its holdings in AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on T shares. Williams Trading set a $30.00 price target on shares of AT&T in a report on Thursday, April 24th. Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. UBS Group reaffirmed a "buy" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. lifted their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.90.

AT&T Stock Up 0.1%

Shares of T opened at $28.33 on Friday. The business's fifty day moving average price is $27.76 and its two-hundred day moving average price is $26.08. The firm has a market capitalization of $203.82 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.92%. AT&T's dividend payout ratio is presently 68.10%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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