AT&T (T) : Riverfront Investment Group added new position in AT&T during the most recent quarter end. The investment management firm now holds 562,091 shares of AT&T which is valued at $22,005,863 , the company said in a statement filed on May 9, 2016 with the SEC.AT&T makes up approximately 0.59% of Riverfront Investment Group’s portfolio.
Other Hedge Funds, Including , Emerson Investment Management boosted its stake in T in the latest quarter, The investment management firm added 8,476 additional shares and now holds a total of 238,292 shares of AT&T which is valued at $9,329,132. AT&T makes up approx 1.79% of Emerson Investment Management’s portfolio.Princeton Capital Management Inc boosted its stake in T in the latest quarter, The investment management firm added 3,735 additional shares and now holds a total of 136,885 shares of AT&T which is valued at $5,313,876. AT&T makes up approx 3.74% of Princeton Capital Management Inc’s portfolio.Boys Arnold Co Inc reduced its stake in T by selling 199,418 shares or 70.72% in the most recent quarter. The Hedge Fund company now holds 82,553 shares of T which is valued at $3,204,707. AT&T makes up approx 1.26% of Boys Arnold Co Inc’s portfolio.North Star Investment Management Corp. boosted its stake in T in the latest quarter, The investment management firm added 389 additional shares and now holds a total of 111,081 shares of AT&T which is valued at $4,312,164. AT&T makes up approx 0.82% of North Star Investment Management Corp.’s portfolio.
AT&T closed down -0.4 points or -1.01% at $39.15 with 1,64,90,761 shares getting traded on Friday. Post opening the session at $39.49, the shares hit an intraday low of $39.11 and an intraday high of $39.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.