Burns J W Co Incny buys $3,529,060 stake in AT&T (T)

AT&T (T) : Burns J W Co Incny scooped up 3,058 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 90,119 shares of AT&T which is valued at $3,529,060.AT&T makes up approximately 1.09% of Burns J W Co Incny’s portfolio.

Other Hedge Funds, Including , Hefty Wealth Partners boosted its stake in T in the latest quarter, The investment management firm added 36,870 additional shares and now holds a total of 37,125 shares of AT&T which is valued at $1,453,815. AT&T makes up approx 1.11% of Hefty Wealth Partners’s portfolio.West Oak Capital boosted its stake in T in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 37,544 shares of AT&T which is valued at $1,470,223. AT&T makes up approx 1.02% of West Oak Capital’s portfolio. Norman Fields Gottscho Capital Management sold out all of its stake in T during the most recent quarter. The investment firm sold 4,885 shares of T which is valued $191,297.Lvm Capital Management Ltdmi boosted its stake in T in the latest quarter, The investment management firm added 20,086 additional shares and now holds a total of 376,851 shares of AT&T which is valued at $14,757,485. AT&T makes up approx 4.66% of Lvm Capital Management Ltdmi’s portfolio.

AT&T closed down -0.87 points or -2.13% at $39.9 with 3,31,79,916 shares getting traded on Tuesday. Post opening the session at $40.72, the shares hit an intraday low of $39.71 and an intraday high of $40.76 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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