Calamos Advisors LLC Lowers Position in AT&T Inc. $T

Posted by Francis Steltz on Jul 14th, 2026

AT&T logo Calamos Advisors LLC cut its position in shares of AT&T Inc. (NYSE:T – Free Report) by 26.3% during the 1st quarter, HoldingsChannel reports. The firm owned 1,271,092 shares of the technology company’s stock after selling 453,477 shares during the period. Calamos Advisors LLC’s holdings in AT&T were worth $36,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Retirement Planning Group LLC raised its position in AT&T by 29.1% in the 1st quarter. Retirement Planning Group LLC now owns 26,697 shares of the technology company’s stock worth $774,000 after buying an additional 6,015 shares during the last quarter. Bryn Mawr Trust Advisors LLC boosted its holdings in AT&T by 9.6% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 356,698 shares of the technology company’s stock worth $10,341,000 after purchasing an additional 31,168 shares during the last quarter. Bleakley Financial Group LLC grew its position in AT&T by 1.5% in the 1st quarter. Bleakley Financial Group LLC now owns 214,069 shares of the technology company’s stock worth $6,206,000 after purchasing an additional 3,073 shares during the period. HBW Advisory Services LLC grew its position in AT&T by 2.9% in the 1st quarter. HBW Advisory Services LLC now owns 120,237 shares of the technology company’s stock worth $3,486,000 after purchasing an additional 3,415 shares during the period. Finally, Citizens National Bank Trust Department raised its stake in AT&T by 89.9% during the 1st quarter. Citizens National Bank Trust Department now owns 27,355 shares of the technology company’s stock valued at $793,000 after buying an additional 12,952 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key AT&T News

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

Positive Sentiment: AT&T announced a promotional offer of free international calls for customers in the countries playing in soccer’s biggest matches, a customer-friendly move that may support engagement and brand loyalty. AT&T to Offer Free Calls to Countries Playing in Soccer’s Biggest Matches
Positive Sentiment: AT&T and Ericsson showcased a live 5G drone-detection trial, highlighting how the company’s existing network could help enable future 6G capabilities and create new enterprise/network applications. Can AT&T’s Drone Detection Trial With Ericsson Shape the Future of 6G?
Neutral Sentiment: A roundup of telecom stocks noted AT&T as a name worth watching, but it did not provide a company-specific catalyst. Top Telecom Stocks Worth Watching – July 10th
Negative Sentiment: Jim Cramer warned investors he “doesn’t want to own AT&T or Verizon,” after Bernstein flagged valuation risk from SpaceX’s Starlink, reinforcing concerns that satellite service could challenge traditional telecom players. Jim Cramer Warns “I Don’t Want to Own AT&T or Verizon” as Starlink Threatens Telecom Stocks
Negative Sentiment: Morgan Stanley cut its price target on AT&T, warning dividend-focused investors that Starlink could become a meaningful competitive threat to the company’s long-term outlook. AT&T stock price target cut puts dividend investors on alert

AT&T Price Performance

Shares of NYSE:T opened at $21.54 on Tuesday. The firm has a market cap of $149.67 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.86 and a beta of 0.24. The firm has a fifty day moving average price of $23.29 and a 200 day moving average price of $25.39. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. AT&T’s payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on T shares. Morgan Stanley cut their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. KeyCorp increased their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.43.

Check Out Our Latest Research Report on T

AT&T Profile

(Free Report)

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.