Alpha Omega Wealth Management buys $3,157,754 stake in AT&T (T)

AT&T (T) : Alpha Omega Wealth Management scooped up 294 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 82,946 shares of AT&T which is valued at $3,157,754.AT&T makes up approximately 2.63% of Alpha Omega Wealth Management’s portfolio.

AT&T opened for trading at $37.86 and hit $38.91 on the upside on Wednesday, eventually ending the session at $38.72, with a gain of 1.65% or 0.63 points. The heightened volatility saw the trading volume jump to 4,14,17,702 shares. Company has a market cap of $238,175 M.

Other Hedge Funds, Including , Meritage Portfolio Management boosted its stake in T in the latest quarter, The investment management firm added 5,055 additional shares and now holds a total of 183,429 shares of AT&T which is valued at $6,983,142. AT&T makes up approx 0.78% of Meritage Portfolio Management’s portfolio.Stokes Hubbell Capital Management boosted its stake in T in the latest quarter, The investment management firm added 7,687 additional shares and now holds a total of 69,213 shares of AT&T which is valued at $2,634,939. AT&T makes up approx 1.20% of Stokes Hubbell Capital Management’s portfolio. Traynor Capital Management sold out all of its stake in T during the most recent quarter. The investment firm sold 7,972 shares of T which is valued $303,494.Moon Capital Management boosted its stake in T in the latest quarter, The investment management firm added 4,812 additional shares and now holds a total of 21,710 shares of AT&T which is valued at $835,401. AT&T makes up approx 1.05% of Moon Capital Management’s portfolio.Stewart Patten Co boosted its stake in T in the latest quarter, The investment management firm added 11,771 additional shares and now holds a total of 525,237 shares of AT&T which is valued at $20,211,120. AT&T makes up approx 4.03% of Stewart Patten Co’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.

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.