BT Group plc (BT) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in BT Group plc (NYSE:BT) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,386 shares of the utilities provider’s stock after selling 3,457 shares during the period. Whittier Trust Co.’s holdings in BT Group were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BT. Northern Trust Corp lifted its position in BT Group by 1.0% in the 2nd quarter. Northern Trust Corp now owns 1,442,148 shares of the utilities provider’s stock valued at $20,853,000 after acquiring an additional 14,179 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of BT Group by 31.3% in the third quarter. Aperio Group LLC now owns 758,774 shares of the utilities provider’s stock valued at $11,207,000 after purchasing an additional 180,999 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of BT Group in the first quarter valued at approximately $6,932,000. Jane Street Group LLC lifted its holdings in shares of BT Group by 201.9% in the second quarter. Jane Street Group LLC now owns 393,623 shares of the utilities provider’s stock valued at $5,692,000 after purchasing an additional 263,245 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of BT Group by 3.3% in the second quarter. FMR LLC now owns 381,200 shares of the utilities provider’s stock valued at $5,512,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 0.78% of the company’s stock.

BT Group stock opened at $15.37 on Friday. BT Group plc has a 52 week low of $13.53 and a 52 week high of $18.97. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 9.62 and a beta of 0.87.



Separately, Royal Bank of Canada cut BT Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $243.80.

BT Group Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

Featured Article: Balance Sheet

Want to see what other hedge funds are holding BT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BT Group plc (NYSE:BT).

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

Receive News & Ratings for BT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply