Monday, July 9, 2018

BT Group plc (BT) Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its stake in shares of BT Group plc (NYSE:BT) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 862,954 shares of the utilities provider’s stock after selling 69,733 shares during the period. Royal Bank of Canada’s holdings in BT Group were worth $13,946,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BT. Barclays PLC lifted its position in BT Group by 377.3% during the first quarter. Barclays PLC now owns 10,500 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 8,300 shares during the period. Miles Capital Inc. bought a new position in BT Group during the first quarter valued at approximately $174,000. PNC Financial Services Group Inc. lifted its position in BT Group by 79.4% during the first quarter. PNC Financial Services Group Inc. now owns 10,756 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 4,759 shares during the period. Advisor Group Inc. lifted its position in BT Group by 87.3% during the fourth quarter. Advisor Group Inc. now owns 12,207 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 5,689 shares during the period. Finally, LPL Financial LLC bought a new position in BT Group during the first quarter valued at approximately $228,000. Institutional investors own 0.92% of the company’s stock.

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Shares of BT Group opened at $15.17 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.80. The firm has a market capitalization of $29.25 billion, a PE ratio of 7.97, a PEG ratio of 8.39 and a beta of 0.95. BT Group plc has a 1 year low of $13.53 and a 1 year high of $21.16.

BT Group (NYSE:BT) last announced its quarterly earnings data on Thursday, May 10th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.67 billion. BT Group had a net margin of 8.64% and a return on equity of 32.72%. research analysts predict that BT Group plc will post 1.74 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 10th will be paid a $0.711 dividend. The ex-dividend date is Thursday, August 9th. This is a boost from BT Group’s previous semiannual dividend of $0.68. This represents a dividend yield of 9.9%. BT Group’s dividend payout ratio is 52.97%.

Several research firms have weighed in on BT. Zacks Investment Research downgraded shares of BT Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. ValuEngine downgraded shares of BT Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays downgraded shares of BT Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 3rd. Sanford C. Bernstein downgraded shares of BT Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 16th. Finally, UBS Group downgraded shares of BT Group from a “buy” rating to a “neutral” rating in a research report on Thursday, May 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. BT Group has a consensus rating of “Hold” and an average target price of $303.50.

About BT Group

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.

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

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