AT&T (T) : Black River Asset Management has sold out all of its stake in AT&T during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 228,743 shares of AT&T which is valued at $9,899,997.
Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in T by selling 34,104 shares or 7.52% in the most recent quarter. The Hedge Fund company now holds 419,417 shares of T which is valued at $18,152,368. AT&T makes up approx 0.98% of First Allied Advisory Services’s portfolio.Evanston Investments Dba Evanston Advisors boosted its stake in T in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 8,228 shares of AT&T which is valued at $355,120. AT&T makes up approx 0.11% of Evanston Investments Dba Evanston Advisors’s portfolio.Coconut Grove Bank boosted its stake in T in the latest quarter, The investment management firm added 923 additional shares and now holds a total of 57,392 shares of AT&T which is valued at $2,477,039. AT&T makes up approx 2.19% of Coconut Grove Bank’s portfolio. Argent Trust Co added T to its portfolio by purchasing 91,408 company shares during the most recent quarter which is valued at $3,945,169. AT&T makes up approx 1.68% of Argent Trust Co’s portfolio.Eagle Ridge Investment Management reduced its stake in T by selling 275 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 17,766 shares of T which is valued at $765,892. AT&T makes up approx 0.17% of Eagle Ridge Investment Management’s portfolio.
AT&T opened for trading at $40.85 and hit $41 on the upside on Thursday, eventually ending the session at $40.96, with a gain of 0.20% or 0.08 points. The heightened volatility saw the trading volume jump to 1,57,06,888 shares. Company has a market cap of $251,986 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.