New England Investment Retirement Group adds AT&T (T) to its portfolio

AT&T (T) : New England Investment Retirement Group added new position in AT&T during the most recent quarter end. The investment management firm now holds 4,676 shares of AT&T which is valued at $201,723 , the company said in a statement filed on Aug 1, 2016 with the SEC.AT&T makes up approximately 0.12% of New England Investment Retirement Group’s portfolio.

Other Hedge Funds, Including , Delta Capital Management reduced its stake in T by selling 8,753 shares or 12.62% in the most recent quarter. The Hedge Fund company now holds 60,589 shares of T which is valued at $2,613,809. AT&T makes up approx 1.96% of Delta Capital Management’s portfolio.Edmp reduced its stake in T by selling 300 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 70,668 shares of T which is valued at $3,021,764. AT&T makes up approx 2.84% of Edmp’s portfolio.Dowling Yahnke boosted its stake in T in the latest quarter, The investment management firm added 2,841 additional shares and now holds a total of 109,222 shares of AT&T which is valued at $4,708,560. AT&T makes up approx 0.54% of Dowling Yahnke’s portfolio.St. Johns Investment Management Company boosted its stake in T in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 26,632 shares of AT&T which is valued at $1,137,453. AT&T makes up approx 1.00% of St. Johns Investment Management Company’s portfolio.Deane Retirement Strategies reduced its stake in T by selling 2,974 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 124,679 shares of T which is valued at $5,404,835. AT&T makes up approx 4.88% of Deane Retirement Strategies’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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