Farmers National Bank buys $6.5 Million stake in AT&T (T)

AT&T (T) : Farmers National Bank scooped up 6,374 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 165,591 shares of AT&T which is valued at $6.5 Million.AT&T makes up approximately 4.26% of Farmers National Bank’s portfolio.

Other Hedge Funds, Including , Texan Capital Management boosted its stake in T in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 60,502 shares of AT&T which is valued at $2.4 Million. AT&T makes up approx 1.08% of Texan Capital Management’s portfolio.Bristlecone Advisors boosted its stake in T in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 7,160 shares of AT&T which is valued at $280,314. AT&T makes up approx 0.11% of Bristlecone Advisors’s portfolio.California Public Employees Retirement System boosted its stake in T in the latest quarter, The investment management firm added 73,400 additional shares and now holds a total of 18,319,166 shares of AT&T which is valued at $714.3 Million. AT&T makes up approx 1.13% of California Public Employees Retirement System’s portfolio.Edmp boosted its stake in T in the latest quarter, The investment management firm added 2,005 additional shares and now holds a total of 70,968 shares of AT&T which is valued at $2.8 Million. AT&T makes up approx 2.67% of Edmp’s portfolio.Court Place Advisors boosted its stake in T in the latest quarter, The investment management firm added 687 additional shares and now holds a total of 89,094 shares of AT&T which is valued at $3.5 Million. AT&T makes up approx 2.15% of Court Place Advisors’s portfolio.

AT&T opened for trading at $38.95 and hit $39.2988 on the upside on Monday, eventually ending the session at $39.28, with a gain of 0.33% or 0.13 points. The heightened volatility saw the trading volume jump to 1,50,57,768 shares. Company has a market cap of $241,808 M.

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 DA Davidson on May 17, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .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 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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