Panagora Asset Management Inc buys $166,217,489 stake in AT&T (T)

AT&T (T) : Panagora Asset Management Inc scooped up 978,230 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,840,515 shares of AT&T which is valued at $166,217,489.AT&T makes up approximately 0.79% of Panagora Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Ns Partners Ltd reduced its stake in T by selling 11,618 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 48,233 shares of T which is valued at $2,087,524. AT&T makes up approx 0.34% of Ns Partners Ltd’s portfolio.S&t Bankpa reduced its stake in T by selling 1,413 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 15,955 shares of T which is valued at $690,532. AT&T makes up approx 0.11% of S&t Bankpa’s portfolio.Ironsides Asset Advisors reduced its stake in T by selling 8,872 shares or 25.79% in the most recent quarter. The Hedge Fund company now holds 25,526 shares of T which is valued at $1,104,765. AT&T makes up approx 0.32% of Ironsides Asset Advisors’s portfolio.Diam Ltd. boosted its stake in T in the latest quarter, The investment management firm added 39,076 additional shares and now holds a total of 1,408,743 shares of AT&T which is valued at $60,773,173. AT&T makes up approx 0.87% of Diam Ltd.’s portfolio.Bainco International Investors boosted its stake in T in the latest quarter, The investment management firm added 5,258 additional shares and now holds a total of 96,303 shares of AT&T which is valued at $4,154,511. AT&T makes up approx 0.86% of Bainco International Investors’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.

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