Valicenti Advisory Services Inc buys $4,871,433 stake in AT&T (T)

AT&T (T) : Valicenti Advisory Services Inc scooped up 332 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 113,925 shares of AT&T which is valued at $4,871,433.AT&T makes up approximately 2.99% of Valicenti Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in T in the latest quarter, The investment management firm added 2,146,128 additional shares and now holds a total of 8,346,666 shares of AT&T which is valued at $356,903,438. AT&T makes up approx 0.39% of American Century Companies Inc’s portfolio.Moon Capital Management boosted its stake in T in the latest quarter, The investment management firm added 298 additional shares and now holds a total of 22,008 shares of AT&T which is valued at $939,962. AT&T makes up approx 1.13% of Moon Capital Management’s portfolio.Leavell Investment Management boosted its stake in T in the latest quarter, The investment management firm added 6,727 additional shares and now holds a total of 144,958 shares of AT&T which is valued at $6,191,156. AT&T makes up approx 0.89% of Leavell Investment Management’s portfolio.Creative Planning boosted its stake in T in the latest quarter, The investment management firm added 779 additional shares and now holds a total of 935,308 shares of AT&T which is valued at $39,834,768. AT&T makes up approx 0.28% of Creative Planning’s portfolio.

AT&T opened for trading at $42.62 and hit $43.39 on the upside on Friday, eventually ending the session at $43.29, with a gain of 1.67% or 0.71 points. The heightened volatility saw the trading volume jump to 2,52,45,687 shares. Company has a market cap of $266,493 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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