AT&T (T) : Signature Estate Investment Advisors added new position in AT&T during the most recent quarter end. The investment management firm now holds 317,075 shares of AT&T which is valued at $12,201,046 , the company said in a statement filed on Apr 15, 2016 with the SEC.AT&T makes up approximately 2.00% of Signature Estate Investment Advisors’s portfolio.
AT&T closed down -0.86 points or -2.22% at $37.86 with 3,22,36,612 shares getting traded on Wednesday. Post opening the session at $38.53, the shares hit an intraday low of $37.85 and an intraday high of $38.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in T in the latest quarter, The investment management firm added 169,600 additional shares and now holds a total of 509,123 shares of AT&T which is valued at $19,591,053. AT&T makes up approx 0.40% of Dnb Asset Management As’s portfolio.River Mercantile Asset Management Llp boosted its stake in T in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 2,000 shares of AT&T which is valued at $76,780. AT&T makes up approx 0.05% of River Mercantile Asset Management Llp’s portfolio. Capital Insight Partners added T to its portfolio by purchasing 7,017 company shares during the most recent quarter which is valued at $269,383. AT&T makes up approx 0.28% of Capital Insight Partners’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.