Twin Capital Management Inc buys $20.4 Million stake in AT&T (T)

AT&T (T) : Twin Capital Management Inc scooped up 41,260 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 521,670 shares of AT&T which is valued at $20.4 Million.AT&T makes up approximately 1.60% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Swedbank sold out all of its stake in T during the most recent quarter. The investment firm sold 2,308,269 shares of T which is valued $90.4 Million.Dixon Hubard Feinour Brown Incva reduced its stake in T by selling 425 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 72,694 shares of T which is valued at $2.8 Million. AT&T makes up approx 0.93% of Dixon Hubard Feinour Brown Incva’s portfolio.Private Harbour Investment Management Counsel reduced its stake in T by selling 4,386 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 85,702 shares of T which is valued at $3.4 Million. AT&T makes up approx 3.02% of Private Harbour Investment Management Counsel’s portfolio.Parsec Financial Management boosted its stake in T in the latest quarter, The investment management firm added 7,837 additional shares and now holds a total of 154,908 shares of AT&T which is valued at $6 Million. AT&T makes up approx 0.59% of Parsec Financial Management’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.

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.