Cobiz Investment Management buys $700,550 stake in AT&T (T)

AT&T (T) : Cobiz Investment Management scooped up 976 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 16,239 shares of AT&T which is valued at $700,550.AT&T makes up approximately 0.17% of Cobiz Investment Management’s portfolio.

Other Hedge Funds, Including , Lmr Partners Llp sold out all of its stake in T during the most recent quarter. The investment firm sold 61,521 shares of T which is valued $2,663,244.Rkl Wealth Management boosted its stake in T in the latest quarter, The investment management firm added 12,165 additional shares and now holds a total of 39,849 shares of AT&T which is valued at $1,703,943. AT&T makes up approx 0.85% of Rkl Wealth Management’s portfolio.Meristem Llp boosted its stake in T in the latest quarter, The investment management firm added 256 additional shares and now holds a total of 6,468 shares of AT&T which is valued at $278,835. AT&T makes up approx 0.12% of Meristem Llp’s portfolio.Capital Insight Partners boosted its stake in T in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 7,506 shares of AT&T which is valued at $319,831. AT&T makes up approx 0.30% of Capital Insight Partners’s portfolio.

AT&T closed down -0.06 points or -0.14% at $43.08 with 1,18,93,979 shares getting traded on Thursday. Post opening the session at $43.18, the shares hit an intraday low of $42.95 and an intraday high of $43.24 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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