Ifp Advisors Inc buys $25,166,485 stake in AT&T (T)

AT&T (T) : Ifp Advisors Inc scooped up 108,528 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 645,460 shares of AT&T which is valued at $25,166,485.AT&T makes up approximately 1.52% of Ifp Advisors Inc’s portfolio.

AT&T opened for trading at $38.78 and hit $38.99 on the upside on Friday, eventually ending the session at $38.99, with a gain of 0.65% or 0.25 points. The heightened volatility saw the trading volume jump to 1,56,63,665 shares. Company has a market cap of $240,022 M.

Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. boosted its stake in T in the latest quarter, The investment management firm added 5,771 additional shares and now holds a total of 17,731 shares of AT&T which is valued at $691,332. AT&T makes up approx 0.08% of Harel Insurance Investments Financial Services Ltd.’s portfolio.Sequent Asset Management reduced its stake in T by selling 613 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 33,561 shares of T which is valued at $1,302,838. AT&T makes up approx 0.88% of Sequent Asset Management’s portfolio.Washington Trust Bank reduced its stake in T by selling 198 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 39,269 shares of T which is valued at $1,524,423. AT&T makes up approx 0.39% of Washington Trust Bank’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in T in the latest quarter, The investment management firm added 96,234 additional shares and now holds a total of 3,566,280 shares of AT&T which is valued at $135,768,280. AT&T makes up approx 0.56% of Bnp Paribas Arbitrage Sa’s portfolio.Shikiar Asset Management Inc reduced its stake in T by selling 4,996 shares or 31.91% in the most recent quarter. The Hedge Fund company now holds 10,661 shares of T which is valued at $405,864. AT&T makes up approx 0.18% of Shikiar Asset Management Inc’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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