Morningstar Investment Services LLC Sells 623 Shares of British American Tobacco PLC (NYSE:BTI)

Morningstar Investment Services LLC trimmed its stake in shares of British American Tobacco PLC (NYSE:BTI) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,405 shares of the company’s stock after selling 623 shares during the quarter. Morningstar Investment Services LLC’s holdings in British American Tobacco were worth $8,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arden Trust Co acquired a new stake in British American Tobacco during the first quarter valued at approximately $29,000. Eudaimonia Partners LLC acquired a new position in shares of British American Tobacco in the 1st quarter worth approximately $33,000. Liberty Wealth Management LLC boosted its holdings in shares of British American Tobacco by 51.3% in the 1st quarter. Liberty Wealth Management LLC now owns 1,079 shares of the company’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. CFM Wealth Partners LLC acquired a new position in shares of British American Tobacco in the 1st quarter worth approximately $41,000. Finally, NuWave Investment Management LLC boosted its holdings in shares of British American Tobacco by 747.0% in the 1st quarter. NuWave Investment Management LLC now owns 1,262 shares of the company’s stock worth $43,000 after acquiring an additional 1,113 shares in the last quarter. 5.18% of the stock is currently owned by institutional investors.

NYSE:BTI traded down $1.53 during trading hours on Friday, hitting $33.55. 4,008,540 shares of the stock were exchanged, compared to its average volume of 2,062,368. The company’s 50 day moving average is $37.59 and its two-hundred day moving average is $38.99. British American Tobacco PLC has a twelve month low of $27.32 and a twelve month high of $45.64. The company has a quick ratio of 0.38, a current ratio of 0.71 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $76.83 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

BTI has been the topic of several recent analyst reports. Morgan Stanley raised British American Tobacco from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 7th. Jefferies Financial Group downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, July 20th. ValuEngine downgraded British American Tobacco from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Zacks Investment Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.50.

British American Tobacco Company 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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