Octavia Wealth Advisors LLC Has $285,000 Stake in AT&T Inc. (NYSE:T)

Octavia Wealth Advisors LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,529 shares of the technology company’s stock after selling 858 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in AT&T were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its stake in shares of AT&T by 11.5% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,096,289 shares of the technology company’s stock valued at $70,503,000 after acquiring an additional 319,835 shares in the last quarter. Monterey Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter valued at approximately $208,000. Crossmark Global Holdings Inc. raised its stake in shares of AT&T by 1.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 883,730 shares of the technology company’s stock valued at $20,123,000 after acquiring an additional 8,371 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of AT&T in the 4th quarter valued at approximately $111,000. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in shares of AT&T by 4.3% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 88,679 shares of the technology company’s stock valued at $2,019,000 after acquiring an additional 3,654 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T stock opened at $22.49 on Wednesday. The stock’s fifty day simple moving average is $22.79 and its 200 day simple moving average is $21.37. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $161.40 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Tigress Financial lifted their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Company 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.