Carnegie Capital Asset Management buys $9,133,613 stake in AT&T (T)

AT&T (T) : Carnegie Capital Asset Management scooped up 23,825 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 237,360 shares of AT&T which is valued at $9,133,613.AT&T makes up approximately 1.38% of Carnegie Capital Asset Management’s portfolio.

AT&T opened for trading at $38.57 and hit $38.8 on the upside on Monday, eventually ending the session at $38.65, with a gain of 0.44% or 0.17 points. The heightened volatility saw the trading volume jump to 1,73,32,019 shares. Company has a market cap of $237,744 M.

Other Hedge Funds, Including , Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in T by selling 900 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 51,835 shares of T which is valued at $1,994,611. AT&T makes up approx 1.64% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.Hexavest reduced its stake in T by selling 69,440 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 6,070,912 shares of T which is valued at $233,608,694. AT&T makes up approx 3.61% of Hexavest’s portfolio.Berson Corrado Investment Advisors reduced its stake in T by selling 3,307 shares or 8.41% in the most recent quarter. The Hedge Fund company now holds 36,013 shares of T which is valued at $1,382,539. AT&T makes up approx 0.86% of Berson Corrado Investment Advisors’s portfolio.Chevy Chase Trust Holdings boosted its stake in T in the latest quarter, The investment management firm added 120,751 additional shares and now holds a total of 5,568,270 shares of AT&T which is valued at $213,765,885. AT&T makes up approx 1.23% of Chevy Chase Trust Holdings’s portfolio.Stillwater Investment Management reduced its stake in T by selling 1,152 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 19,269 shares of T which is valued at $739,737. AT&T makes up approx 0.44% of Stillwater Investment Management’s portfolio.

On the company’s financial health, AT&T reported $0.63 EPS for the quarter, based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $42100.00 million for the quarter, compared to analysts expectations of $42719.73 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 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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