Bbr Partners adds AT&T (T) to its portfolio

AT&T (T) : Bbr Partners added new position in AT&T during the most recent quarter end. The investment management firm now holds 34,366 shares of AT&T which is valued at $1,487,360 , the company said in a statement filed on Aug 12, 2016 with the SEC.AT&T makes up approximately 0.25% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Bokf Na boosted its stake in T in the latest quarter, The investment management firm added 13,629 additional shares and now holds a total of 577,346 shares of AT&T which is valued at $24,987,535. AT&T makes up approx 0.85% of Bokf Na’s portfolio.Atlantic Trust Group reduced its stake in T by selling 7,735 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 362,284 shares of T which is valued at $15,679,652. AT&T makes up approx 0.11% of Atlantic Trust Group’s portfolio.Public Sector Pension Investment Board boosted its stake in T in the latest quarter, The investment management firm added 170,900 additional shares and now holds a total of 1,166,716 shares of AT&T which is valued at $50,495,468. AT&T makes up approx 0.61% of Public Sector Pension Investment Board’s portfolio.Lombardia Capital Partners reduced its stake in T by selling 120,846 shares or 92.85% in the most recent quarter. The Hedge Fund company now holds 9,301 shares of T which is valued at $401,431. AT&T makes up approx 0.03% of Lombardia Capital Partners’s portfolio.Dearborn Partners boosted its stake in T in the latest quarter, The investment management firm added 15,098 additional shares and now holds a total of 575,761 shares of AT&T which is valued at $24,590,752. AT&T makes up approx 2.09% of Dearborn Partners’s portfolio.

AT&T opened for trading at $40.8 and hit $41.05 on the upside on Monday, eventually ending the session at $41, with a gain of 0.79% or 0.32 points. The heightened volatility saw the trading volume jump to 1,29,44,928 shares. Company has a market cap of $252,232 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 Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .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 .

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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