Kentucky Retirement Systems Insurance Trust Fund Has $5.91 Million Holdings in AT&T Inc. (NYSE:T)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,838 shares of the technology company's stock after acquiring an additional 22,283 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in AT&T were worth $5,906,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Childress Capital Advisors LLC grew its stake in shares of AT&T by 9.0% during the 1st quarter. Childress Capital Advisors LLC now owns 19,574 shares of the technology company's stock worth $554,000 after acquiring an additional 1,624 shares in the last quarter. MinichMacGregor Wealth Management LLC boosted its holdings in shares of AT&T by 21.8% in the 1st quarter. MinichMacGregor Wealth Management LLC now owns 33,048 shares of the technology company's stock valued at $935,000 after buying an additional 5,925 shares during the last quarter. Crews Bank & Trust boosted its holdings in shares of AT&T by 4.5% in the 1st quarter. Crews Bank & Trust now owns 21,918 shares of the technology company's stock valued at $620,000 after buying an additional 950 shares during the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $1,577,000. Finally, Heartland Bank & Trust Co boosted its holdings in shares of AT&T by 17.7% in the 1st quarter. Heartland Bank & Trust Co now owns 25,070 shares of the technology company's stock valued at $709,000 after buying an additional 3,774 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T traded up $0.46 during midday trading on Monday, reaching $28.23. 32,918,838 shares of the stock were exchanged, compared to its average volume of 36,577,334. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.03. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The company has a market cap of $203.13 billion, a P/E ratio of 17.32, a PEG ratio of 3.87 and a beta of 0.41. The stock's 50 day simple moving average is $27.53 and its 200 day simple moving average is $25.81.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on T shares. JPMorgan Chase & Co. increased their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial increased their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.76.

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.