Deroy Devereaux Private Investment Counsel Inc buys $15,791,009 stake in AT&T (T)

AT&T (T) : Deroy Devereaux Private Investment Counsel Inc scooped up 964 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 370,768 shares of AT&T which is valued at $15,791,009.AT&T makes up approximately 2.04% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Naples Global Advisors boosted its stake in T in the latest quarter, The investment management firm added 4,182 additional shares and now holds a total of 63,485 shares of AT&T which is valued at $2,703,826. AT&T makes up approx 1.09% of Naples Global Advisors’s portfolio.Investment Partners Ltd Oh Adv reduced its stake in T by selling 55,494 shares or 69.88% in the most recent quarter. The Hedge Fund company now holds 23,923 shares of T which is valued at $1,018,881. AT&T makes up approx 1.00% of Investment Partners Ltd Oh Adv’s portfolio.Quotient Investors reduced its stake in T by selling 43,406 shares or 36.47% in the most recent quarter. The Hedge Fund company now holds 75,606 shares of T which is valued at $3,220,060. AT&T makes up approx 1.47% of Quotient Investors’s portfolio.Lau Associates reduced its stake in T by selling 1,020 shares or 9.54% in the most recent quarter. The Hedge Fund company now holds 9,672 shares of T which is valued at $412,124. AT&T makes up approx 0.43% of Lau Associates’s portfolio.Chevy Chase Trust Holdings boosted its stake in T in the latest quarter, The investment management firm added 39,983 additional shares and now holds a total of 5,608,253 shares of AT&T which is valued at $238,967,660. AT&T makes up approx 1.31% of Chevy Chase Trust Holdings’s portfolio.

AT&T closed down -0.04 points or -0.09% at $42.85 with 1,23,40,995 shares getting traded on Monday. Post opening the session at $42.86, the shares hit an intraday low of $42.67 and an intraday high of $42.9 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Company shares were Downgraded by Citigroup on Jul 7, 2016 to ” Neutral”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Company shares were Reiterated by Deutsche Bank on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .

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.

Leave a Reply

AT&T - Is it time to Sell?

Top Brokerage Firms are advising their investors on AT&T. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.