MYDA Advisors LLC Buys 410,000 Shares of AT&T Inc. (NYSE:T)

MYDA Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 315.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 540,000 shares of the technology company's stock after acquiring an additional 410,000 shares during the quarter. AT&T accounts for 3.1% of MYDA Advisors LLC's holdings, making the stock its 9th largest position. MYDA Advisors LLC's holdings in AT&T were worth $12,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of AT&T in the fourth quarter worth about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on T. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. Finally, Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average target price of $27.24.

AT&T Stock Performance

Shares of AT&T stock opened at $27.12 on Friday. 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 business's 50 day moving average price is $26.84 and its 200 day moving average price is $24.15. The company has a market cap of $194.67 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $16.17 and a one year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. AT&T's dividend payout ratio is currently 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.

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