AT&T Inc. (NYSE:T) Holdings Raised by MYDA Advisors LLC

MYDA Advisors LLC lifted its stake in AT&T Inc. (NYSE:T) by 315.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 540,000 shares of the technology company’s stock after purchasing an additional 410,000 shares during the quarter. AT&T accounts for 3.1% of MYDA Advisors LLC’s portfolio, making the stock its 9th largest position. MYDA Advisors LLC’s holdings in AT&T were worth $12,296,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. boosted its stake in shares of AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock valued at $596,000 after purchasing an additional 421 shares during the period. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. Whittier Trust Co. boosted its position in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock valued at $1,352,000 after buying an additional 433 shares during the period. Wealthstream Advisors Inc. grew its stake in shares of AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after acquiring an additional 444 shares in the last quarter. Finally, Northeast Investment Management increased its position in shares of AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after acquiring an additional 451 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Scotiabank raised their price objective on shares of AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.24.

AT&T Stock Performance

Shares of T opened at $27.12 on Friday. The company’s 50 day simple moving average is $26.84 and its 200-day simple moving average is $24.15. The firm has a market cap of $194.67 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12-month low of $16.17 and a 12-month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is presently 74.50%.

AT&T 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.