Calamos Advisors LLC Sells 14,153 Shares of AT&T Inc. (NYSE:T)

Calamos Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 1.0% in the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Moneta Group Investment Advisors LLC grew its holdings in 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 during the period. Norges Bank acquired a new stake in shares of AT&T in the 4th quarter valued at about $1,229,499,000. Ameriprise Financial Inc. boosted its stake in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. FMR LLC boosted its stake in AT&T by 130.5% during the 3rd 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 during the last quarter. Finally, Morgan Stanley boosted its stake in AT&T by 37.3% during the 4th 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 during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of AT&T stock traded up $0.08 during trading on Friday, hitting $16.41. 6,133,894 shares of the stock traded hands, compared to its average volume of 38,028,473. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a market cap of $117.38 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 2.43 and a beta of 0.57. The firm’s fifty day moving average is $17.01 and its 200-day moving average is $16.48. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.72.

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

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on T. Citigroup lifted their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Company Profile

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.