British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Smith Moore & CO.

Smith Moore & CO. trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,442 shares of the company’s stock after selling 1,420 shares during the quarter. Smith Moore & CO.’s holdings in British American Tobacco were worth $882,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments LLC increased its position in shares of British American Tobacco by 17.0% during the second quarter. Atria Investments LLC now owns 72,774 shares of the company’s stock worth $2,861,000 after acquiring an additional 10,552 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of British American Tobacco by 165.4% during the second quarter. Rockefeller Capital Management L.P. now owns 7,486 shares of the company’s stock worth $293,000 after acquiring an additional 4,665 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of British American Tobacco during the second quarter worth about $118,000. Woodley Farra Manion Portfolio Management Inc. increased its position in shares of British American Tobacco by 2.1% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 21,687 shares of the company’s stock worth $853,000 after acquiring an additional 444 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of British American Tobacco by 4.8% during the second quarter. Centaurus Financial Inc. now owns 10,702 shares of the company’s stock worth $421,000 after acquiring an additional 486 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of BTI stock opened at $36.85 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.78 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $37.65 and a two-hundred day moving average of $38.42. British American Tobacco p.l.c. has a 52 week low of $31.60 and a 52 week high of $41.14. The company has a market cap of $78.59 billion, a P/E ratio of 8.65, a PEG ratio of 2.05 and a beta of 0.85.

Several brokerages recently weighed in on BTI. Royal Bank of Canada reissued an “outperform” rating on shares of British American Tobacco in a report on Wednesday, June 23rd. Zacks Investment Research lowered British American Tobacco from a “hold” rating to a “sell” rating in a report on Friday, August 6th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a report on Tuesday, August 3rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of British American Tobacco in a report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About British American Tobacco

British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA).

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

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