Deane Retirement Strategies Lowers stake in AT&T (T)

AT&T (T) : Deane Retirement Strategies reduced its stake in AT&T by 2.26% during the most recent quarter end. The investment management company now holds a total of 127,653 shares of AT&T which is valued at $4,859,750 after selling 2,946 shares in AT&T , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.AT&T makes up approximately 4.56% of Deane Retirement Strategies’s portfolio.

AT&T opened for trading at $37.85 and hit $38.165 on the upside on Friday, eventually ending the session at $38.07, with a gain of 0.55% or 0.21 points. The heightened volatility saw the trading volume jump to 2,43,00,177 shares. Company has a market cap of $234,177 M.

Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in T in the latest quarter, The investment management firm added 35,547 additional shares and now holds a total of 11,667,785 shares of AT&T which is valued at $444,192,575. AT&T makes up approx 1.16% of New York State Teachers Retirement System’s portfolio.Somerset Trust Co boosted its stake in T in the latest quarter, The investment management firm added 815 additional shares and now holds a total of 32,351 shares of AT&T which is valued at $1,244,866. AT&T makes up approx 0.82% of Somerset Trust Co’s portfolio.Wunderlich Securities reduced its stake in T by selling 13,432 shares or 36.41% in the most recent quarter. The Hedge Fund company now holds 23,457 shares of T which is valued at $902,625. AT&T makes up approx 1.34% of Wunderlich Securities’s portfolio. Breton Hill Capital Ltd. added T to its portfolio by purchasing 13,959 company shares during the most recent quarter which is valued at $537,142. AT&T makes up approx 0.20% of Breton Hill Capital Ltd.’s portfolio.Salem Capital Management Inc boosted its stake in T in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 25,970 shares of AT&T which is valued at $999,326. AT&T makes up approx 0.55% of Salem Capital 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.

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