BB&T Co. (NYSE:BBT) Shares Purchased by Loudon Investment Management LLC

Loudon Investment Management LLC boosted its position in BB&T Co. (NYSE:BBT) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,900 shares of the insurance provider’s stock after acquiring an additional 3,325 shares during the quarter. Loudon Investment Management LLC’s holdings in BB&T were worth $528,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Banyan Capital Management Inc. increased its stake in BB&T by 3.4% in the second quarter. Banyan Capital Management Inc. now owns 61,361 shares of the insurance provider’s stock valued at $3,015,000 after purchasing an additional 2,005 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in BB&T by 6.7% in the second quarter. Asset Management One Co. Ltd. now owns 553,837 shares of the insurance provider’s stock valued at $27,207,000 after purchasing an additional 34,749 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in BB&T by 3.1% in the second quarter. Meadow Creek Investment Management LLC now owns 31,024 shares of the insurance provider’s stock valued at $1,524,000 after purchasing an additional 924 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in BB&T by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,642,426 shares of the insurance provider’s stock valued at $80,692,000 after purchasing an additional 7,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in BB&T by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,747,893 shares of the insurance provider’s stock valued at $184,134,000 after purchasing an additional 114,214 shares during the last quarter. 70.13% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director K. David Jr. Boyer sold 4,285 shares of BB&T stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.64, for a total value of $225,562.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of BB&T stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.44, for a total transaction of $712,952,605.08. Over the last quarter, insiders sold 25,077,442 shares of company stock worth $713,290,667. 0.49% of the stock is currently owned by insiders.

Shares of BBT traded down $0.71 during mid-day trading on Monday, reaching $54.23. 266,685 shares of the company’s stock were exchanged, compared to its average volume of 5,042,242. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $42.42 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17. The business’s fifty day simple moving average is $52.91 and its 200-day simple moving average is $50.04. BB&T Co. has a 52-week low of $40.68 and a 52-week high of $55.66.

BB&T (NYSE:BBT) last announced its earnings results on Thursday, October 17th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. BB&T had a net margin of 23.17% and a return on equity of 12.25%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts predict that BB&T Co. will post 4.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.32%. BB&T’s dividend payout ratio (DPR) is 44.44%.

BBT has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of BB&T from a “hold” rating to a “buy” rating and increased their price target for the company from $52.00 to $58.00 in a research note on Tuesday, October 8th. Deutsche Bank set a $59.00 price target on shares of BB&T and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America increased their price target on shares of BB&T from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group dropped their price target on shares of BB&T from $53.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, Wells Fargo & Co set a $55.00 price target on shares of BB&T and gave the company a “buy” rating in a research note on Friday, August 16th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.50.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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