AT&T (T) : Perella Weinberg Partners Capital Management Lp has sold out all of its stake in AT&T during the Q4 period, according to the information disclosed to the SEC. The investment management company has sold out 20,288 shares of AT&T which is valued at $782,305.
Other Hedge Funds, Including , Bontempo Ohly Capital Mgmt boosted its stake in T during the Q4 period, The investment management firm added 210 additional shares and now holds a total of 88,657 shares of AT&T which is valued at $3.4 Million. AT&T makes up approx 3.17% of Bontempo Ohly Capital Mgmt’s portfolio.Raiff Partners Inc boosted its stake in T during the Q4 period, The investment management firm added 199,000 additional shares and now holds a total of 200,000 shares of AT&T which is valued at $7.7 Million. AT&T makes up approx 11.87% of Raiff Partners Inc’s portfolio.M&r Capital Management Inc boosted its stake in T during the Q4 period, The investment management firm added 783 additional shares and now holds a total of 34,564 shares of AT&T which is valued at $1.3 Million. AT&T makes up approx 0.40% of M&r Capital Management Inc’s portfolio. Baldwin Brothers Incma sold out all of its stake in T during the fourth quarter. The investment firm sold 16,100 shares of T which is valued $620,816.Parkwood reduced its stake in T by selling 2,333 shares or 14.8% during the fourth quarter. The Hedge Fund company now holds 13,430 shares of T which is valued at $517,861. AT&T makes up approx 0.08% of Parkwood’s portfolio.
On the company’s financial health, AT&T reported $0.63 EPS for the quarter, based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $42100.00 million for the quarter, compared to analysts expectations of $42719.73 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on AT&T. AT&T was Initiated by Macquarie to “Outperform” on Apr 5, 2016. Company shares were Reiterated by Deutsche Bank on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .Deutsche Bank Initiated AT&T on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $40.
AT&T closed down -0.05 points or -0.13% at $38.59 with 2,22,85,728 shares getting traded on Thursday. Post opening the session at $38.35, the shares hit an intraday low of $38.22 and an intraday high of $38.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.