MYDA Advisors LLC Has $8.82 Million Stock Holdings in AT&T Inc. $T

MYDA Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 136.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 355,069 shares of the technology company’s stock after acquiring an additional 205,069 shares during the quarter. AT&T comprises approximately 1.7% of MYDA Advisors LLC’s holdings, making the stock its 12th largest position. MYDA Advisors LLC’s holdings in AT&T were worth $8,820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in T. GGM Financials LLC acquired a new stake in AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T in the fourth quarter valued at approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC lifted its stake in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the subject of a number of analyst reports. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. 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 research note on Thursday, April 23rd. Scotiabank reduced their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Price Performance

Shares of AT&T stock opened at $23.54 on Monday. The firm has a fifty day simple moving average of $25.32 and a 200-day simple moving average of $25.86. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $22.32 and a 1-year high of $29.79. The stock has a market capitalization of $163.56 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

AT&T Company Profile

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.