Elwood & Goetz Wealth Advisory Group LLC Sells 3,684 Shares of AT&T Inc. (NYSE:T)

Elwood & Goetz Wealth Advisory Group LLC cut its position in shares of AT&T Inc. (NYSE:T) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,107 shares of the technology company’s stock after selling 3,684 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in AT&T were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on T shares. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Scotiabank increased their price target on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Trading Up 1.9 %

Shares of NYSE:T opened at $26.64 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $26.72. The business’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $22.30. The company has a market capitalization of $191.19 billion, a PE ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s dividend payout ratio is presently 74.50%.

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.