Teachers Retirement System of The State of Kentucky Raises Position in AT&T Inc. (NYSE:T)

Teachers Retirement System of The State of Kentucky boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 52.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 811,424 shares of the technology company's stock after purchasing an additional 280,623 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in AT&T were worth $22,947,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of AT&T by 39.7% in the fourth quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock worth $655,000 after acquiring an additional 8,179 shares during the period. Thrivent Financial for Lutherans grew its holdings in AT&T by 1.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 462,211 shares of the technology company's stock valued at $10,487,000 after buying an additional 8,428 shares in the last quarter. Whittier Trust Co. grew its stake in AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after acquiring an additional 433 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in AT&T by 30.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 99,040 shares of the technology company's stock valued at $2,255,000 after purchasing an additional 23,081 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.3%

Shares of T stock traded down $0.07 during trading hours on Friday, reaching $26.92. The company's stock had a trading volume of 27,403,482 shares, compared to its average volume of 36,405,886. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $193.71 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.36 and a beta of 0.42. The firm's fifty day simple moving average is $27.74 and its 200 day simple moving average is $26.47. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19.

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). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.

Analyst Ratings Changes

Several equities research analysts have issued reports on T shares. Wells Fargo & Company lifted their target price on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Williams Trading set a $30.00 target price on AT&T in a research note on Thursday, April 24th. Finally, Bank of America started coverage on AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

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.