Baldwin Brothers Inc. MA Trims Stake in BT Group plc (NYSE:BT)

Share on StockTwits

Baldwin Brothers Inc. MA decreased its position in shares of BT Group plc (NYSE:BT) by 19.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,466 shares of the utilities provider’s stock after selling 8,190 shares during the period. Baldwin Brothers Inc. MA’s holdings in BT Group were worth $427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its position in BT Group by 28.6% during the first quarter. Lindbrook Capital LLC now owns 3,860 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 859 shares in the last quarter. HL Financial Services LLC increased its holdings in shares of BT Group by 10.5% in the first quarter. HL Financial Services LLC now owns 15,520 shares of the utilities provider’s stock worth $230,000 after buying an additional 1,474 shares during the period. Dearborn Partners LLC increased its holdings in shares of BT Group by 13.4% in the first quarter. Dearborn Partners LLC now owns 18,254 shares of the utilities provider’s stock worth $270,000 after buying an additional 2,158 shares during the period. Anderson Fisher LLC increased its holdings in shares of BT Group by 3.8% in the first quarter. Anderson Fisher LLC now owns 71,297 shares of the utilities provider’s stock worth $1,054,000 after buying an additional 2,625 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of BT Group by 30.4% in the fourth quarter. LPL Financial LLC now owns 13,304 shares of the utilities provider’s stock worth $202,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 0.92% of the company’s stock.

NYSE BT opened at $10.01 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.09 and a quick ratio of 1.05. BT Group plc has a 1 year low of $9.96 and a 1 year high of $17.33. The business’s 50-day moving average is $11.93 and its 200 day moving average is $13.71.

The firm also recently announced a semiannual dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 9th will be paid a $0.6807 dividend. The ex-dividend date is Thursday, August 8th. This is a boost from BT Group’s previous semiannual dividend of $0.30. BT Group’s dividend payout ratio (DPR) is presently 103.94%.

BT has been the topic of several analyst reports. Zacks Investment Research downgraded BT Group from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. ValuEngine upgraded BT Group from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Credit Suisse Group upgraded BT Group from a “neutral” rating to an “outperform” rating in a report on Monday, June 3rd. Finally, Deutsche Bank downgraded BT Group from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. BT Group presently has an average rating of “Hold” and a consensus target price of $17.00.

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.

Further Reading: Why Net Income is Important to Investors

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.