Keystone Financial Planning buys $6,187,692 stake in AT&T (T)

AT&T (T) : Keystone Financial Planning scooped up 1,085 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 158,253 shares of AT&T which is valued at $6,187,692.AT&T makes up approximately 4.15% of Keystone Financial Planning’s portfolio.

Other Hedge Funds, Including , Ct Financial Advisors reduced its stake in T by selling 5,914 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 52,641 shares of T which is valued at $2,058,263. AT&T makes up approx 1.29% of Ct Financial Advisors’s portfolio.Fisher Asset Management boosted its stake in T in the latest quarter, The investment management firm added 4,990 additional shares and now holds a total of 54,833 shares of AT&T which is valued at $2,139,035.Dynamic Advisors Solutions boosted its stake in T in the latest quarter, The investment management firm added 7,420 additional shares and now holds a total of 150,500 shares of AT&T which is valued at $5,871,005. AT&T makes up approx 2.25% of Dynamic Advisors Solutions’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in T in the latest quarter, The investment management firm added 216,600 additional shares and now holds a total of 2,478,640 shares of AT&T which is valued at $97,063,542. AT&T makes up approx 0.40% of Bnp Paribas Arbitrage Sa’s portfolio.First American Trust Fsb boosted its stake in T in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 156,425 shares of AT&T which is valued at $6,125,603. AT&T makes up approx 1.92% of First American Trust Fsb’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.

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