Exxonmobil Investment Management Inc Tx buys $57,630,303 stake in AT&T (T)

AT&T (T) : Exxonmobil Investment Management Inc Tx scooped up 118,749 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 1,497,669 shares of AT&T which is valued at $57,630,303.AT&T makes up approximately 1.30% of Exxonmobil Investment Management Inc Tx’s portfolio.

AT&T opened for trading at $38.46 and hit $38.6 on the upside on Friday, eventually ending the session at $38.48, with a gain of 0.16% or 0.06 points. The heightened volatility saw the trading volume jump to 1,57,81,622 shares. Company has a market cap of $236,699 M.

Other Hedge Funds, Including , Addison Capital Co boosted its stake in T in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 6,503 shares of AT&T which is valued at $250,235. AT&T makes up approx 0.19% of Addison Capital Co’s portfolio.Eagle Asset Management Inc boosted its stake in T in the latest quarter, The investment management firm added 1,601,258 additional shares and now holds a total of 3,591,338 shares of AT&T which is valued at $137,871,466. AT&T makes up approx 0.97% of Eagle Asset Management Inc’s portfolio.Trust Co reduced its stake in T by selling 1,508 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 65,715 shares of T which is valued at $2,522,799. AT&T makes up approx 1.16% of Trust Co’s portfolio.Baystate Wealth Management boosted its stake in T in the latest quarter, The investment management firm added 2,193 additional shares and now holds a total of 16,062 shares of AT&T which is valued at $616,620. AT&T makes up approx 0.13% of Baystate Wealth Management’s portfolio.Hollencrest Securities reduced its stake in T by selling 1,607 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 22,542 shares of T which is valued at $865,387. AT&T makes up approx 0.15% of Hollencrest Securities’s portfolio.

On the company’s financial health, AT&T reported $0.63 EPS for the quarter, based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $42100.00 million for the quarter, compared to analysts expectations of $42719.73 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on AT&T. AT&T was Initiated by Macquarie to “Outperform” on Apr 5, 2016. Company shares were Reiterated by Deutsche Bank on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .Deutsche Bank Initiated AT&T on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $40.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications data/broadband and Internet services video services local exchange services long-distance services telecommunications equipment managed networking and wholesale services. Its segments include Wireless Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services AT&T U-verse broadband video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary DIRECTV Group Holdings LLC it provides pay television in the United States and across the world.

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