Merriman Wealth Management adds AT&T (T) to its portfolio

AT&T (T) : Merriman Wealth Management added new position in AT&T during the most recent quarter end. The investment management firm now holds 9,574 shares of AT&T which is valued at $368,408 , the company said in a statement filed on Apr 12, 2016 with the SEC.AT&T makes up approximately 0.34% of Merriman Wealth Management’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 , Gofen Glossberg Il reduced its stake in T by selling 2,623 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 340,922 shares of T which is valued at $13,118,679. AT&T makes up approx 0.55% of Gofen Glossberg Il’s portfolio.Dnb Asset Management As boosted its stake in T in the latest quarter, The investment management firm added 169,600 additional shares and now holds a total of 509,123 shares of AT&T which is valued at $19,591,053. AT&T makes up approx 0.40% of Dnb Asset Management As’s portfolio.Burns J W Co Incny boosted its stake in T in the latest quarter, The investment management firm added 9,684 additional shares and now holds a total of 81,893 shares of AT&T which is valued at $3,143,872. AT&T makes up approx 1.00% of Burns J W Co Incny’s portfolio.First American Bank boosted its stake in T in the latest quarter, The investment management firm added 121,732 additional shares and now holds a total of 130,658 shares of AT&T which is valued at $5,015,961. AT&T makes up approx 0.52% of First American Bank’s portfolio.Curbstone Financial Management Corp reduced its stake in T by selling 400 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 68,452 shares of T which is valued at $2,627,872. AT&T makes up approx 0.89% of Curbstone Financial Management Corp’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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