Apriem Advisors buys $10,462,248 stake in AT&T (T)

AT&T (T) : Apriem Advisors scooped up 6,222 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 241,734 shares of AT&T which is valued at $10,462,248.AT&T makes up approximately 3.33% of Apriem Advisors’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp boosted its stake in T in the latest quarter, The investment management firm added 83,379 additional shares and now holds a total of 188,585 shares of AT&T which is valued at $8,161,959. AT&T makes up approx 0.04% of Mackenzie Financial Corp’s portfolio.Tsp Capital Management Group reduced its stake in T by selling 2,450 shares or 20.76% in the most recent quarter. The Hedge Fund company now holds 9,350 shares of T which is valued at $404,668. AT&T makes up approx 0.20% of Tsp Capital Management Group’s portfolio.Chartwell Investment Partners boosted its stake in T in the latest quarter, The investment management firm added 5,250 additional shares and now holds a total of 433,077 shares of AT&T which is valued at $18,691,603. AT&T makes up approx 0.32% of Chartwell Investment Partners’s portfolio.Ancora Inverness reduced its stake in T by selling 1,894 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 86,415 shares of T which is valued at $3,727,943. AT&T makes up approx 1.38% of Ancora Inverness’s portfolio.Chicago Equity Partners boosted its stake in T in the latest quarter, The investment management firm added 21,358 additional shares and now holds a total of 818,568 shares of AT&T which is valued at $35,435,809. AT&T makes up approx 1.00% of Chicago Equity Partners’s portfolio.

AT&T opened for trading at $40.8 and hit $41.05 on the upside on Monday, eventually ending the session at $41, with a gain of 0.79% or 0.32 points. The heightened volatility saw the trading volume jump to 1,29,44,928 shares. Company has a market cap of $252,232 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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