Calamos Wealth Management LLC Has $348,000 Stock Holdings in AT&T Inc. (NYSE:T)

Calamos Wealth Management LLC lifted its stake in AT&T Inc. (NYSE:T) by 18.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,280 shares of the technology company’s stock after purchasing an additional 2,354 shares during the quarter. Calamos Wealth Management LLC’s holdings in AT&T were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter valued at about $34,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on T. Evercore ISI boosted their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.21.

AT&T Trading Up 0.0 %

Shares of NYSE:T opened at $24.26 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock’s 50-day moving average is $22.94 and its 200-day moving average is $21.70. The company has a market cap of $174.05 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

AT&T Company Profile

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.