Bridges Investment Management Inc buys $3,046,894 stake in AT&T (T)

AT&T (T) : Bridges Investment Management Inc scooped up 47,885 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 80,034 shares of AT&T which is valued at $3,046,894.AT&T makes up approximately 0.53% of Bridges Investment Management Inc’s portfolio.

AT&T opened for trading at $37.86 and hit $38.91 on the upside on Wednesday, eventually ending the session at $38.72, with a gain of 1.65% or 0.63 points. The heightened volatility saw the trading volume jump to 4,14,17,702 shares. Company has a market cap of $238,175 M.

Other Hedge Funds, Including , Appleton Partners Incma boosted its stake in T in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 26,090 shares of AT&T which is valued at $993,246. AT&T makes up approx 0.19% of Appleton Partners Incma’s portfolio.Boston Advisors boosted its stake in T in the latest quarter, The investment management firm added 4,313 additional shares and now holds a total of 808,005 shares of AT&T which is valued at $30,760,750. AT&T makes up approx 0.75% of Boston Advisors’s portfolio.New York State Teachers Retirement System boosted its stake in T in the latest quarter, The investment management firm added 35,547 additional shares and now holds a total of 11,667,785 shares of AT&T which is valued at $444,192,575. AT&T makes up approx 1.16% of New York State Teachers Retirement System’s portfolio.Atalanta Sosnoff Capital boosted its stake in T in the latest quarter, The investment management firm added 2,612,116 additional shares and now holds a total of 2,667,591 shares of AT&T which is valued at $102,648,902. AT&T makes up approx 3.20% of Atalanta Sosnoff Capital’s portfolio.Newman Dignan Sheerar boosted its stake in T in the latest quarter, The investment management firm added 9,949 additional shares and now holds a total of 30,744 shares of AT&T which is valued at $1,183,029. AT&T makes up approx 0.85% of Newman Dignan Sheerar’s portfolio.

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 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 was Initiated by Macquarie to “Outperform” on Apr 5, 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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