Fmr LLC Sells 22,034 Shares of BT Group PLC (BT)

Fmr LLC trimmed its position in BT Group PLC (NYSE:BT) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,854 shares of the utilities provider’s stock after selling 22,034 shares during the quarter. Fmr LLC’s holdings in BT Group PLC were worth $8,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Freestone Capital Holdings LLC raised its stake in BT Group PLC by 18.1% during the second quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock worth $3,352,000 after acquiring an additional 26,410 shares in the last quarter. Pacer Advisors Inc. acquired a new position in BT Group PLC during the second quarter worth $1,616,000. Alliancebernstein L.P. raised its stake in BT Group PLC by 11.6% during the first quarter. Alliancebernstein L.P. now owns 67,003 shares of the utilities provider’s stock worth $1,346,000 after acquiring an additional 6,944 shares in the last quarter. Morgan Stanley raised its stake in BT Group PLC by 18.6% during the first quarter. Morgan Stanley now owns 426,962 shares of the utilities provider’s stock worth $8,578,000 after acquiring an additional 67,065 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in BT Group PLC by 86.3% during the second quarter. Advisors Asset Management Inc. now owns 49,314 shares of the utilities provider’s stock worth $957,000 after acquiring an additional 22,839 shares in the last quarter. Institutional investors and hedge funds own 0.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Fmr LLC Sells 22,034 Shares of BT Group PLC (BT)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.com-unik.info/2017/11/01/fmr-llc-sells-22034-shares-of-bt-group-plc-bt.html.

Several research firms have issued reports on BT. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.15) price objective on shares of BT Group PLC in a research note on Tuesday. Zacks Investment Research lowered BT Group PLC from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.50) price objective on shares of BT Group PLC in a research note on Thursday, October 26th. Jefferies Group LLC dropped their price objective on BT Group PLC from GBX 280 ($3.69) to GBX 265 ($3.50) and set a “hold” rating for the company in a research note on Wednesday, October 25th. Finally, Citigroup Inc. lowered BT Group PLC from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $333.17.

BT Group PLC (NYSE BT) opened at 17.51 on Wednesday. The company has a market cap of $34.80 billion, a PE ratio of 16.52 and a beta of 1.04. The company has a 50-day moving average price of $18.71 and a 200 day moving average price of $19.42. BT Group PLC has a 12-month low of $17.46 and a 12-month high of $24.65.

BT Group PLC Company Profile

Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

What are top analysts saying about BT Group PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BT Group PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit