Bb&T Corp (NYSE:BBT) Shareholder Dodge & Cox Lowered Position by $48.06 Million

May 17, 2018 - By Margaret Guttierez

BB&T Corporation (NYSE:BBT) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.15. That’s change of 0.22, from 2017Q3’s 0.93. 41 investors sold all, 269 reduced holdings as BBT ratio improved. 261 grew positions while 96 funds amassed positions. Funds hold 479.66 million shares thus 4.23% less from 2017Q3’s 500.82 million shares. Us National Bank De accumulated 397,198 shs. 8,149 were accumulated by Colony Gp Limited Co. Liberty Mutual Gp Asset Mgmt reported 0.05% in BB&T Corporation (NYSE:BBT). Quantitative Investment Mgmt Ltd Liability Company holds 0.09% or 126,600 shs. Sumitomo Mitsui Asset Mgmt reported 91,972 shs. Mason Street Advsrs Lc invested in 0.13% or 109,890 shs. Shelter Insurance Retirement Plan reported 41,500 shs. Parametric Port Associates Limited has invested 0.09% in BB&T Corporation (NYSE:BBT). Pettyjohn Wood & White Inc stated it has 1.57% in BB&T Corporation (NYSE:BBT). Ngam L P reported 106,445 shs or 0.05% of all its holdings. Shell Asset Mngmt Co invested 0.07% of its capital in BB&T Corporation (NYSE:BBT). Fiduciary Trust stated it has 0.1% in BB&T Corporation (NYSE:BBT). Great West Life Assurance Co Can holds 0.07% of its capital in BB&T Corporation (NYSE:BBT) for 608,321 shs. Buffington Mohr Mcneal invested in 69,630 shs or 1.32% of the stock. Ifc Holdg Fl, a Florida-based fund reported 11,377 shs.

BBT had 15 sales and 0 buys since January 19, 2018. This’s net activity of $24.95 million. Bible Daryl N. had sold 74,847 shs worth $4.01M. Yates William Rufus had sold 16,279 shs worth $882,345 on Tuesday, May 8. $3.28 million worth of stock was sold by KING KELLY S on Friday, January 19. On Wednesday, April 25 Shares for $3.66M were sold by DUCK BARBARA F. On Wednesday, April 25 Goodrich Donna C also sold $2.41 million worth of BB&T Corporation (NYSE:BBT). On Tuesday, February 20 Boyer K. David Jr. also sold $137,587 worth of BB&T Corporation (NYSE:BBT).

Dodge & Cox’s holdings in Bb&T Corp (NYSE:BBT) is decreased by 4.66% based on its latest 2018Q1 regulatory filing with the SEC. 924,140 shares were sold by Dodge & Cox as the company’s stock rose 2.32% while stock markets declined. At the end of 2018Q1, the 18.92M shares of the major banks company held by the institutional investor were valued at $984.48M, down from 19.84M at the end of the previous reported quarter. $43.13B is the MC of Bb&T Corp. The stock decreased 0.32% or $0.18 during the last trading session, touching $55.31.Currently BB&T Corporation is uptrending after 16.87% change in last May 17, 2017. BBT has also 3.21 million shares volume. BBT outperformed the S&P500 by 5.32%.

About $123.87B US Long portfolio Dodge & Cox manages. According to a filing the fund rose its stake in Comcast Corp (NASDAQ:CMCSA) by 8.34 million shares to 101.78M shares, valued at $3.48B in 2018Q1. For a total of 37.06 million shares it increased its holding in Baker Hughes A Ge Co () by 4.63 million shares in the quarter, and has risen its stake in Apache Corp (NYSE:APA).

Dodge & Cox is a California-based institutional investor with more than $224.00 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Dodge & Cox is the 15th largest institutional investor in our database. Taken from Dodge & latest Adv, the fund reported to have 205 full and part-time employees. Among which 85 performing investment advisory and research functions. The institutional investor had more than 500 clients.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Total analysts of 19 have positions in BB&T Corp (NYSE:BBT) as follows: 11 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 58%. Since November 28, 2017 according to StockzIntelligence Inc BB&T Corp has 37 analyst reports. On Thursday, January 18 the firm has “Hold” rating given by Susquehanna. On Tuesday, November 28 the firm earned “Buy” rating by SunTrust. On Tuesday, March 27 the firm has “Outperform” rating given by Wells Fargo. On Thursday, February 8 BMO Capital Markets upgraded BB&T Corporation (NYSE:BBT) rating. BMO Capital Markets has “Buy” rating and $64.0 target. On Thursday, January 18 the stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Piper Jaffray. On Thursday, January 18 the firm has “Hold” rating given by Robert W. Baird. On Monday, January 8 the stock has “Equal-Weight” rating by Morgan Stanley. In Thursday, April 19 report Sandler O’Neill maintained the stock with “Hold” rating. On Wednesday, December 20 the stock has “Hold” rating by Wells Fargo. On Thursday, April 19 the company was maintained by BMO Capital Markets.

BB&T Corporation operates as a financial holding firm that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals.The firm is valued at $43.13 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.The P/E ratio is 20.19. The companyÂ’s deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

BB&T Corporation (NYSE:BBT) Institutional Investors Chart

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