Quotient Investors Lowers stake in AT&T (T)

AT&T (T) : Quotient Investors reduced its stake in AT&T by 36.47% during the most recent quarter end. The investment management company now holds a total of 75,606 shares of AT&T which is valued at $3,220,060 after selling 43,406 shares in AT&T , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.AT&T makes up approximately 1.47% of Quotient Investors’s portfolio.

Other Hedge Funds, Including , Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in T in the latest quarter, The investment management firm added 4,766 additional shares and now holds a total of 34,190 shares of AT&T which is valued at $1,456,152. AT&T makes up approx 0.03% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Dnb Asset Management As boosted its stake in T in the latest quarter, The investment management firm added 9,500 additional shares and now holds a total of 518,623 shares of AT&T which is valued at $22,098,526. AT&T makes up approx 0.46% of Dnb Asset Management As’s portfolio.Trust Co boosted its stake in T in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 65,923 shares of AT&T which is valued at $2,808,979. AT&T makes up approx 1.06% of Trust Co’s portfolio.Ct Mason boosted its stake in T in the latest quarter, The investment management firm added 4,847 additional shares and now holds a total of 129,316 shares of AT&T which is valued at $5,510,155. AT&T makes up approx 2.30% of Ct Mason’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.

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