Vanguard Group Inc. Cuts Stock Holdings in British American Tobacco PLC (NYSE:BTI)

Vanguard Group Inc. lowered its stake in shares of British American Tobacco PLC (NYSE:BTI) by 23.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,351,238 shares of the company’s stock after selling 406,143 shares during the quarter. Vanguard Group Inc.’s holdings in British American Tobacco were worth $47,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Motco increased its position in shares of British American Tobacco by 2,100.0% during the second quarter. Motco now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 672 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of British American Tobacco by 83.0% during the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the period. Acadian Asset Management LLC increased its position in shares of British American Tobacco by 73.3% during the second quarter. Acadian Asset Management LLC now owns 745 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the period. Next Capital Management LLC purchased a new stake in shares of British American Tobacco during the second quarter worth $34,000. Finally, Bessemer Group Inc. increased its position in shares of British American Tobacco by 78.5% during the second quarter. Bessemer Group Inc. now owns 1,078 shares of the company’s stock worth $38,000 after acquiring an additional 474 shares during the period. 5.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of BTI stock traded down $0.01 on Monday, reaching $34.35. 1,202,112 shares of the stock were exchanged, compared to its average volume of 1,463,606. The company has a current ratio of 0.73, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average price is $35.76 and its 200 day moving average price is $37.26. The company has a market capitalization of $73.86 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.11 and a beta of 0.86. British American Tobacco PLC has a twelve month low of $30.67 and a twelve month high of $46.50.

A number of analysts have recently weighed in on the company. Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 11th. Zacks Investment Research lowered British American Tobacco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley lowered British American Tobacco from an “equal” rating to an “underweight” rating in a research report on Monday, June 17th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.00.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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