Next Financial Group Inc buys $5,700,640 stake in AT&T (T)

AT&T (T) : Next Financial Group Inc scooped up 18,456 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 149,741 shares of AT&T which is valued at $5,700,640.AT&T makes up approximately 1.98% of Next Financial Group Inc’s portfolio.

AT&T opened for trading at $37.85 and hit $38.165 on the upside on Friday, eventually ending the session at $38.07, with a gain of 0.55% or 0.21 points. The heightened volatility saw the trading volume jump to 2,43,00,177 shares. Company has a market cap of $234,177 M.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in T by selling 100 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 9,500 shares of T which is valued at $361,665. AT&T makes up approx 0.01% of Cornerstone Investment Partners’s portfolio.Laurel Grove Capital reduced its stake in T by selling 300 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 23,239 shares of T which is valued at $884,709. AT&T makes up approx 0.50% of Laurel Grove Capital’s portfolio.Baker Boyer National Bank reduced its stake in T by selling 600 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 14,799 shares of T which is valued at $569,466. AT&T makes up approx 2.65% of Baker Boyer National Bank’s portfolio.Webster Bank N. A. boosted its stake in T in the latest quarter, The investment management firm added 609 additional shares and now holds a total of 69,117 shares of AT&T which is valued at $2,659,622. AT&T makes up approx 0.41% of Webster Bank N. A.’s portfolio.Central Trust Co boosted its stake in T in the latest quarter, The investment management firm added 20,974 additional shares and now holds a total of 463,034 shares of AT&T which is valued at $17,817,548. AT&T makes up approx 1.39% of Central Trust Co’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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