Mraz Amerine Associates Lowers stake in AT&T (T)

AT&T (T) : Mraz Amerine Associates reduced its stake in AT&T by 2.48% during the most recent quarter end. The investment management company now holds a total of 37,730 shares of AT&T which is valued at $1,613,335 after selling 961 shares in AT&T , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.AT&T makes up approximately 0.56% of Mraz Amerine Associates’s portfolio.

Other Hedge Funds, Including , Wealthtrust Axiom reduced its stake in T by selling 2,140 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 110,699 shares of T which is valued at $4,733,489. AT&T makes up approx 1.78% of Wealthtrust Axiom’s portfolio.Dorchester Wealth Management Co boosted its stake in T in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 20,022 shares of AT&T which is valued at $863,148. AT&T makes up approx 0.31% of Dorchester Wealth Management Co’s portfolio.Financial Consulate Inc boosted its stake in T in the latest quarter, The investment management firm added 2,786 additional shares and now holds a total of 20,637 shares of AT&T which is valued at $889,661. AT&T makes up approx 0.66% of Financial Consulate Inc’s portfolio.Iowa State Bank boosted its stake in T in the latest quarter, The investment management firm added 2,274 additional shares and now holds a total of 110,799 shares of AT&T which is valued at $4,721,145. AT&T makes up approx 2.39% of Iowa State Bank’s portfolio.

AT&T opened for trading at $42.62 and hit $43.39 on the upside on Friday, eventually ending the session at $43.29, with a gain of 1.67% or 0.71 points. The heightened volatility saw the trading volume jump to 2,52,45,687 shares. Company has a market cap of $266,493 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 FBR Capital on Jul 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .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 .

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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