Putnam Fl Investment Management Co buys $16,446,907 stake in AT&T (T)

AT&T (T) : Putnam Fl Investment Management Co scooped up 9,221 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 419,350 shares of AT&T which is valued at $16,446,907.AT&T makes up approximately 1.91% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management reduced its stake in T by selling 2,900 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 63,800 shares of T which is valued at $2,502,236. AT&T makes up approx 1.30% of Crestpoint Capital Management’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in T in the latest quarter, The investment management firm added 20,600 additional shares and now holds a total of 1,878,078 shares of AT&T which is valued at $73,939,931. AT&T makes up approx 1.22% of Gulf International Bank (uk) Ltd’s portfolio.Howland Capital Management boosted its stake in T in the latest quarter, The investment management firm added 202 additional shares and now holds a total of 42,466 shares of AT&T which is valued at $1,671,886. AT&T makes up approx 0.16% of Howland Capital Management’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in T by selling 85,164 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 353,506 shares of T which is valued at $13,917,531. AT&T makes up approx 0.92% of Dalton Greiner Hartman Maher Co’s portfolio.Founders Capital Management reduced its stake in T by selling 7,030 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 231,688 shares of T which is valued at $9,038,149. AT&T makes up approx 5.09% of Founders Capital Management’s portfolio.

AT&T closed down -0.15 points or -0.38% at $39.22 with 1,35,16,996 shares getting traded on Friday. Post opening the session at $39.41, the shares hit an intraday low of $39.22 and an intraday high of $39.575 and the price fluctuated in this range throughout the day.Shares ended Friday 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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