Hengehold Capital Management buys $1,965,478 stake in AT&T (T)

AT&T (T) : Hengehold Capital Management scooped up 743 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 51,628 shares of AT&T which is valued at $1,965,478.AT&T makes up approximately 0.62% of Hengehold Capital Management’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 , Foster Motley Inc reduced its stake in T by selling 191 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 43,838 shares of T which is valued at $1,668,913. AT&T makes up approx 0.33% of Foster Motley Inc’s portfolio.Carlton Hofferkamp Jenks Wealth Management reduced its stake in T by selling 13,683 shares or 25.58% in the most recent quarter. The Hedge Fund company now holds 39,807 shares of T which is valued at $1,531,773. AT&T makes up approx 1.23% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Investment Counsel boosted its stake in T in the latest quarter, The investment management firm added 3,501 additional shares and now holds a total of 43,335 shares of AT&T which is valued at $1,667,531. AT&T makes up approx 1.54% of Investment Counsel’s portfolio. Toth Financial Advisory Corp sold out all of its stake in T during the most recent quarter. The investment firm sold 15,210 shares of T which is valued $583,912.First National Bank Of Mount Dora Trust Investment Services reduced its stake in T by selling 950 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 26,268 shares of T which is valued at $1,008,429. AT&T makes up approx 0.60% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

On the company’s financial health, AT&T reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $40535.00 million for the quarter, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 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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