AT&T (T) : Jacobs Coca reduced its stake in AT&T by 0.66% during the most recent quarter end. The investment management company now holds a total of 207,991 shares of AT&T which is valued at $8,858,337 after selling 1,379 shares in AT&T , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.AT&T makes up approximately 2.02% of Jacobs Coca’s portfolio.
Other Hedge Funds, Including , Capital Asset Advisory Services boosted its stake in T in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 9,993 shares of AT&T which is valued at $425,602. AT&T makes up approx 0.56% of Capital Asset Advisory Services’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in T in the latest quarter, The investment management firm added 803 additional shares and now holds a total of 91,945 shares of AT&T which is valued at $3,917,776. AT&T makes up approx 0.75% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Howland Capital Management reduced its stake in T by selling 43 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 42,264 shares of T which is valued at $1,800,869. AT&T makes up approx 0.17% of Howland Capital Management’s portfolio.Curian Capital reduced its stake in T by selling 284,879 shares or 70.95% in the most recent quarter. The Hedge Fund company now holds 116,653 shares of T which is valued at $4,970,584. AT&T makes up approx 0.36% of Curian Capital’s portfolio.
AT&T opened for trading at $42.46 and hit $42.87 on the upside on Wednesday, eventually ending the session at $42.59, with a gain of 0.42% or 0.18 points. The heightened volatility saw the trading volume jump to 1,48,52,271 shares. Company has a market cap of $262,184 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 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 was Downgraded by Buckingham Research to ” Neutral” on Jun 24, 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.