AT&T (T) : Msi Financial Services Inc reduced its stake in AT&T by 2.97% during the most recent quarter end. The investment management company now holds a total of 548,060 shares of AT&T which is valued at $21,577,122 after selling 16,789 shares in AT&T , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.AT&T makes up approximately 0.75% of Msi Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Profit Investment Management reduced its stake in T by selling 958 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 12,044 shares of T which is valued at $474,172. AT&T makes up approx 0.48% of Profit Investment Management’s portfolio.Hollencrest Securities reduced its stake in T by selling 9,369 shares or 58.38% in the most recent quarter. The Hedge Fund company now holds 6,678 shares of T which is valued at $261,110. AT&T makes up approx 0.04% of Hollencrest Securities’s portfolio.Genesee Valley Trust Co reduced its stake in T by selling 187 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 13,494 shares of T which is valued at $527,615. AT&T makes up approx 0.34% of Genesee Valley Trust Co’s portfolio.Salem Capital Management Inc reduced its stake in T by selling 1,000 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 24,970 shares of T which is valued at $974,080. AT&T makes up approx 0.54% of Salem Capital Management Inc’s portfolio.First Mercantile Trust Co reduced its stake in T by selling 9,500 shares or 18.32% in the most recent quarter. The Hedge Fund company now holds 42,362 shares of T which is valued at $1,646,611. AT&T makes up approx 0.22% of First Mercantile Trust Co’s portfolio.
AT&T opened for trading at $38.94 and hit $39.38 on the upside on Tuesday, eventually ending the session at $39.1, with a gain of 0.23% or 0.09 points. The heightened volatility saw the trading volume jump to 2,23,14,937 shares. Company has a market cap of $240,543 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. Shares were Downgraded by UBS on Sep 28, 2016 to ” Neutral” and Lowered the Price Target to $ 43 from a previous price target of $46 .AT&T was Upgraded by HSBC Securities to ” Hold” on Sep 26, 2016. 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 .
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.