Valley National Advisers Inc buys $4,233,917 stake in AT&T INC COM (T)

AT&T INC COM (T) : Valley National Advisers Inc scooped up 10,477 additional shares in AT&T INC COM 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 111,214 shares of AT&T INC COM which is valued at $4,233,917.AT&T INC COM makes up approximately 2.23% of Valley National Advisers Inc’s portfolio.

AT&T INC COM 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 , Dumont Blake Investment Advisors boosted its stake in T in the latest quarter, The investment management firm added 1,106 additional shares and now holds a total of 25,654 shares of AT&T INC COM which is valued at $976,648. AT&T INC COM makes up approx 0.50% of Dumont Blake Investment Advisors’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in T in the latest quarter, The investment management firm added 25,950 additional shares and now holds a total of 1,848,278 shares of AT&T INC COM which is valued at $70,363,943. AT&T INC COM makes up approx 1.19% of Gulf International Bank (uk) Ltd’s portfolio.Prospera Financial Services Inc boosted its stake in T in the latest quarter, The investment management firm added 11,979 additional shares and now holds a total of 184,036 shares of AT&T INC COM which is valued at $7,081,705. AT&T INC COM makes up approx 1.57% of Prospera Financial Services Inc’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 INC COM which is valued at $3,143,872. AT&T INC COM makes up approx 1.00% of Burns J W Co Incny’s portfolio.

On the company’s financial health, AT&T INC COM 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 INC COM. 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 INC COM 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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