Maytus Capital Management LLC Increases Stake in AT&T Inc. $T

Maytus Capital Management LLC lifted its position in AT&T Inc. (NYSE:T) by 95.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 880,000 shares of the technology company’s stock after purchasing an additional 430,289 shares during the period. AT&T comprises approximately 5.2% of Maytus Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Maytus Capital Management LLC’s holdings in AT&T were worth $21,859,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GGM Financials LLC bought a new stake in AT&T during the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the 4th quarter valued at $25,000. Cresta Advisors Ltd. bought a new position in AT&T in the 4th quarter valued at $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC grew its position in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, March 10th. KeyCorp upped their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Finally, Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Stock Performance

AT&T stock opened at $23.16 on Wednesday. AT&T Inc. has a fifty-two week low of $22.32 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. The stock has a market cap of $160.94 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21. The firm’s fifty day moving average price is $25.12 and its 200-day moving average price is $25.82.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue 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, equities research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. AT&T’s dividend payout ratio is 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.