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

Octavia Wealth Advisors LLC lowered its holdings in AT&T Inc. (NYSE:T) by 6.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,529 shares of the technology company’s stock after selling 858 shares during the period. Octavia Wealth Advisors LLC’s holdings in AT&T were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in AT&T in the fourth quarter valued at about $14,700,000. Swiss National Bank increased its holdings in AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after purchasing an additional 104,700 shares during the last quarter. Franklin Resources Inc. increased its holdings in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Caprock Group LLC increased its holdings in AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares during the last quarter. Finally, Talbot Financial LLC bought a new stake in AT&T in the third quarter valued at about $7,438,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Performance

Shares of NYSE T opened at $22.49 on Wednesday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The stock has a market capitalization of $161.40 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The stock has a 50 day moving average price of $22.79 and a 200 day moving average price of $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Analysts predict 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. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.93%. AT&T’s payout ratio is 90.24%.

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.