AT&T (T) : Mckinley Carter Wealth Services reduced its stake in AT&T by 6.57% during the most recent quarter end. The investment management company now holds a total of 18,526 shares of AT&T which is valued at $799,212 after selling 1,302 shares in AT&T , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.AT&T makes up approximately 0.41% of Mckinley Carter Wealth Services’s portfolio.
Other Hedge Funds, Including , Btc Capital Management boosted its stake in T in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 7,464 shares of AT&T which is valued at $321,997. AT&T makes up approx 0.07% of Btc Capital Management’s portfolio.Mu Investments Ltd. reduced its stake in T by selling 5,500 shares or 42.04% in the most recent quarter. The Hedge Fund company now holds 7,582 shares of T which is valued at $324,206. AT&T makes up approx 0.21% of Mu Investments Ltd.’s portfolio.Huntington National Bank boosted its stake in T in the latest quarter, The investment management firm added 100,378 additional shares and now holds a total of 750,041 shares of AT&T which is valued at $32,071,753. AT&T makes up approx 0.78% of Huntington National Bank’s portfolio.Country Club Trust Company N.a. reduced its stake in T by selling 112,409 shares or 21.73% in the most recent quarter. The Hedge Fund company now holds 405,006 shares of T which is valued at $17,459,809. AT&T makes up approx 2.46% of Country Club Trust Company N.a.’s portfolio.Premier Asset Managment boosted its stake in T in the latest quarter, The investment management firm added 3,375 additional shares and now holds a total of 38,382 shares of AT&T which is valued at $1,639,295. AT&T makes up approx 0.40% of Premier Asset Managment’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.