AT&T (T) : Sheaff Brock Investment Advisors reduced its stake in AT&T by 5.35% during the most recent quarter end. The investment management company now holds a total of 435,280 shares of AT&T which is valued at $16,897,570 after selling 24,600 shares in AT&T , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.AT&T makes up approximately 2.08% of Sheaff Brock Investment Advisors’s portfolio.
AT&T opened for trading at $38.87 and hit $39.15 on the upside on Monday, eventually ending the session at $39.1, with a gain of 0.72% or 0.28 points. The heightened volatility saw the trading volume jump to 2,20,63,313 shares. Company has a market cap of $240,512 M.
Other Hedge Funds, Including , Wright Investors Service Inc boosted its stake in T in the latest quarter, The investment management firm added 7,731 additional shares and now holds a total of 73,354 shares of AT&T which is valued at $2,847,602. AT&T makes up approx 1.13% of Wright Investors Service Inc’s portfolio.Garrison Financial Corp boosted its stake in T in the latest quarter, The investment management firm added 1,086 additional shares and now holds a total of 17,967 shares of AT&T which is valued at $684,004. AT&T makes up approx 0.47% of Garrison Financial Corp’s portfolio. Signature Estate Investment Advisors added T to its portfolio by purchasing 317,075 company shares during the most recent quarter which is valued at $12,201,046. AT&T makes up approx 2.00% of Signature Estate Investment Advisors’s portfolio.Boltwood Capital Management reduced its stake in T by selling 100 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 18,551 shares of T which is valued at $713,842. AT&T makes up approx 0.62% of Boltwood Capital Management’s portfolio.Capital City Trust Cofl reduced its stake in T by selling 6,199 shares or 10.37% in the most recent quarter. The Hedge Fund company now holds 53,576 shares of T which is valued at $2,061,604. AT&T makes up approx 0.83% of Capital City Trust Cofl’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.