10,746 Shares in AT&T Inc. (NYSE:T) Purchased by RAM Investment Partners LLC

RAM Investment Partners LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,746 shares of the technology company's stock, valued at approximately $304,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of AT&T by 11.3% during the fourth quarter. World Equity Group Inc. now owns 11,525 shares of the technology company's stock worth $262,000 after buying an additional 1,168 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of AT&T by 13.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,818 shares of the technology company's stock valued at $110,000 after acquiring an additional 582 shares during the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of AT&T by 15.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 22,881 shares of the technology company's stock worth $521,000 after acquiring an additional 3,086 shares in the last quarter. Finally, Edge Capital Group LLC acquired a new stake in AT&T during the 4th quarter valued at $272,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on T shares. UBS Group reissued a "buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.76.

AT&T Stock Down 1.2%

T stock traded down $0.35 during mid-day trading on Wednesday, hitting $27.93. 26,183,730 shares of the company were exchanged, compared to its average volume of 36,471,604. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.03. The firm's 50 day simple moving average is $27.57 and its 200 day simple moving average is $25.86. The firm has a market cap of $200.97 billion, a P/E ratio of 17.13, a P/E/G ratio of 4.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last announced 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). The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T 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.