Flynn Zito Capital Management LLC Purchases 1,692 Shares of AT&T Inc. (NYSE:T)

Flynn Zito Capital Management LLC lifted its position in AT&T Inc. (NYSE:T) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,446 shares of the technology company’s stock after purchasing an additional 1,692 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in AT&T were worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC grew its holdings in shares of AT&T by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 963,304 shares of the technology company’s stock valued at $21,934,000 after purchasing an additional 8,144 shares during the last quarter. Schnieders Capital Management LLC boosted its position in AT&T by 4.0% during the fourth quarter. Schnieders Capital Management LLC now owns 19,003 shares of the technology company’s stock valued at $433,000 after buying an additional 725 shares during the period. Nwam LLC grew its stake in shares of AT&T by 17.0% during the fourth quarter. Nwam LLC now owns 127,703 shares of the technology company’s stock valued at $2,908,000 after buying an additional 18,542 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of AT&T by 9.7% during the fourth quarter. NewEdge Wealth LLC now owns 73,864 shares of the technology company’s stock valued at $1,682,000 after buying an additional 6,553 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of AT&T in the fourth quarter worth about $71,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T opened at $26.60 on Thursday. The company has a market cap of $190.90 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.00 and a beta of 0.59. The business’s fifty day simple moving average is $23.73 and its two-hundred day simple moving average is $22.46. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.16. 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 released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date 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 (DPR) is currently 74.50%.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. Tigress Financial raised their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. DZ Bank 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 Wednesday, January 29th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

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.