Naples Global Advisors Lowers stake in AT&T (T)

AT&T (T) : Naples Global Advisors reduced its stake in AT&T by 1.77% during the most recent quarter end. The investment management company now holds a total of 59,303 shares of AT&T which is valued at $2,281,979 after selling 1,068 shares in AT&T , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.AT&T makes up approximately 0.95% of Naples Global Advisors’s portfolio.

AT&T opened for trading at $38.57 and hit $38.8 on the upside on Monday, eventually ending the session at $38.65, with a gain of 0.44% or 0.17 points. The heightened volatility saw the trading volume jump to 1,73,32,019 shares. Company has a market cap of $237,744 M.

Other Hedge Funds, Including , Gradient Investments reduced its stake in T by selling 2,089 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 136,939 shares of T which is valued at $5,269,413. AT&T makes up approx 0.65% of Gradient Investments’s portfolio.Gofen Glossberg Il reduced its stake in T by selling 2,623 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 340,922 shares of T which is valued at $13,118,679. AT&T makes up approx 0.55% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co boosted its stake in T in the latest quarter, The investment management firm added 5,739 additional shares and now holds a total of 22,286 shares of AT&T which is valued at $857,565. AT&T makes up approx 0.24% of Central Bank Trust Co’s portfolio.Newman Dignan Sheerar boosted its stake in T in the latest quarter, The investment management firm added 9,949 additional shares and now holds a total of 30,744 shares of AT&T which is valued at $1,183,029. AT&T makes up approx 0.85% of Newman Dignan Sheerar’s portfolio.Private Asset Management Inc reduced its stake in T by selling 6,302 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 321,165 shares of T which is valued at $12,329,524. AT&T makes up approx 2.25% of Private Asset Management Inc’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. Company shares were Reiterated by Nomura on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .AT&T was Initiated by Macquarie to “Outperform” on Apr 5, 2016.

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.

Leave a Reply

AT&T - Is it time to Sell?

Top Brokerage Firms are advising their investors on AT&T. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.