Flynn Zito Capital Management LLC Has $478,000 Stock Holdings in AT&T Inc. (NYSE:T)

Flynn Zito Capital Management LLC raised its stake in AT&T Inc. (NYSE:T) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,514 shares of the technology company’s stock after buying an additional 3,479 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in AT&T were worth $478,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in T. Axiom Financial Strategies LLC increased its stake in shares of AT&T by 12.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after purchasing an additional 1,941 shares during the last quarter. Roundview Capital LLC increased its stake in shares of AT&T by 62.3% during the 1st quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of AT&T by 23.1% during the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after buying an additional 206,434 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of AT&T by 5.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after buying an additional 25,028 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after buying an additional 11,722 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.3 %

Shares of NYSE:T traded up $0.21 during trading on Thursday, hitting $16.33. 29,277,896 shares of the company’s stock were exchanged, compared to its average volume of 38,398,887. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.83. The firm has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $16.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a market cap of $116.81 billion, a P/E ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s payout ratio is currently 56.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.