Livforsakringsbolaget Skandia Omsesidigt buys $29,404,992 stake in AT&T (T)

AT&T (T) : Livforsakringsbolaget Skandia Omsesidigt scooped up 51,500 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 764,163 shares of AT&T which is valued at $29,404,992.AT&T makes up approximately 1.37% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

AT&T opened for trading at $38.46 and hit $38.6 on the upside on Friday, eventually ending the session at $38.48, with a gain of 0.16% or 0.06 points. The heightened volatility saw the trading volume jump to 1,57,81,622 shares. Company has a market cap of $236,699 M.

Other Hedge Funds, Including , Atlas Browninc. boosted its stake in T in the latest quarter, The investment management firm added 1,058 additional shares and now holds a total of 24,526 shares of AT&T which is valued at $943,760. AT&T makes up approx 0.40% of Atlas Browninc.’s portfolio.Marshwinds Advisory Co reduced its stake in T by selling 2,725 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 153,122 shares of T which is valued at $5,878,354. AT&T makes up approx 3.02% of Marshwinds Advisory Co’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.Indiana Trust Investment Management Co boosted its stake in T in the latest quarter, The investment management firm added 3,240 additional shares and now holds a total of 23,345 shares of AT&T which is valued at $896,215. AT&T makes up approx 0.50% of Indiana Trust Investment Management Co’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in T by selling 950 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 26,268 shares of T which is valued at $1,008,429. AT&T makes up approx 0.60% of First National Bank Of Mount Dora Trust Investment Services’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. AT&T was Initiated by Macquarie to “Outperform” on Apr 5, 2016. Company shares were Reiterated by Deutsche Bank on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .Deutsche Bank Initiated AT&T on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $40.

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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