Etesian Wealth Advisors Inc. Sells 3,815 Shares of AT&T Inc. (NYSE:T)

Etesian Wealth Advisors Inc. decreased its position in AT&T Inc. (NYSE:T) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,121 shares of the technology company’s stock after selling 3,815 shares during the period. Etesian Wealth Advisors Inc.’s holdings in AT&T were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares in the last quarter. Czech National Bank boosted its position in shares of AT&T by 6.9% in the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock valued at $32,134,000 after acquiring an additional 94,312 shares during the period. Miracle Mile Advisors LLC increased its holdings in AT&T by 20.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 42,148 shares of the technology company’s stock worth $927,000 after acquiring an additional 7,021 shares during the period. Axiom Advisory LLC lifted its stake in AT&T by 2.3% in the 3rd quarter. Axiom Advisory LLC now owns 90,724 shares of the technology company’s stock worth $1,996,000 after purchasing an additional 2,036 shares in the last quarter. Finally, Brookstone Capital Management boosted its holdings in AT&T by 0.9% in the 3rd quarter. Brookstone Capital Management now owns 793,140 shares of the technology company’s stock valued at $17,449,000 after purchasing an additional 6,966 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 0.9 %

AT&T stock opened at $24.48 on Thursday. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. The business’s fifty day moving average is $22.99 and its 200 day moving average is $21.75. The stock has a market capitalization of $175.63 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on T. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Finally, Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

About AT&T

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.