Cetera Investment Advisers buys $4.7 Million stake in AT&T (T)

AT&T (T) : Cetera Investment Advisers scooped up 3,154 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 120,770 shares of AT&T which is valued at $4.7 Million.AT&T makes up approximately 2.04% of Cetera Investment Advisers’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co boosted its stake in T in the latest quarter, The investment management firm added 17,171 additional shares and now holds a total of 1,602,696 shares of AT&T which is valued at $62.7 Million. AT&T makes up approx 1.33% of Hartford Investment Management Co’s portfolio.Willis Investment Counsel boosted its stake in T in the latest quarter, The investment management firm added 34,539 additional shares and now holds a total of 496,759 shares of AT&T which is valued at $19.4 Million. AT&T makes up approx 1.71% of Willis Investment Counsel’s portfolio.Nikko Asset Management Americas reduced its stake in T by selling 15,600 shares or 14.74% in the most recent quarter. The Hedge Fund company now holds 90,200 shares of T which is valued at $3.5 Million. AT&T makes up approx 0.41% of Nikko Asset Management Americas’s portfolio.Grandfield Dodd boosted its stake in T in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 20,123 shares of AT&T which is valued at $784,596. AT&T makes up approx 0.11% of Grandfield Dodd’s portfolio.Cutter Co Brokerage boosted its stake in T in the latest quarter, The investment management firm added 3,666 additional shares and now holds a total of 25,674 shares of AT&T which is valued at $1 Million. AT&T makes up approx 0.45% of Cutter Co Brokerage’s portfolio.

AT&T opened for trading at $38.67 and hit $38.72 on the upside on Wednesday, eventually ending the session at $38.62, with a gain of 0.31% or 0.12 points. The heightened volatility saw the trading volume jump to 1,47,10,398 shares. Company has a market cap of $237,745 M.

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 DA Davidson on May 17, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .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. 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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