Exxonmobil Investment Management Inc Tx buys $67,898,268 stake in AT&T (T)

AT&T (T) : Exxonmobil Investment Management Inc Tx scooped up 95,813 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 1,593,482 shares of AT&T which is valued at $67,898,268.AT&T makes up approximately 1.42% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Trust Co boosted its stake in T in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 65,923 shares of AT&T which is valued at $2,808,979. AT&T makes up approx 1.06% of Trust Co’s portfolio.Howland Capital Management reduced its stake in T by selling 43 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 42,264 shares of T which is valued at $1,800,869. AT&T makes up approx 0.17% of Howland Capital Management’s portfolio.Triangle Securities Wealth Management boosted its stake in T in the latest quarter, The investment management firm added 564 additional shares and now holds a total of 24,288 shares of AT&T which is valued at $1,034,912. AT&T makes up approx 0.76% of Triangle Securities Wealth Management’s portfolio.Patten Patten Inctn boosted its stake in T in the latest quarter, The investment management firm added 7,056 additional shares and now holds a total of 435,255 shares of AT&T which is valued at $18,546,216. AT&T makes up approx 2.54% of Patten Patten Inctn’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in T by selling 1,150 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 96,153 shares of T which is valued at $4,097,079. AT&T makes up approx 1.25% of First National Bank Trust Co Of Newtown’s portfolio.

AT&T opened for trading at $42.46 and hit $42.87 on the upside on Wednesday, eventually ending the session at $42.59, with a gain of 0.42% or 0.18 points. The heightened volatility saw the trading volume jump to 1,48,52,271 shares. Company has a market cap of $262,184 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 Downgraded by Citigroup on Jul 7, 2016 to ” Neutral”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Company shares were Reiterated by Deutsche Bank on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .AT&T was Downgraded by Buckingham Research to ” Neutral” on Jun 24, 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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