TD Asset Management Inc Cuts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

TD Asset Management Inc lowered its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 49.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,449 shares of the company’s stock after selling 12,014 shares during the period. TD Asset Management Inc’s holdings in British American Tobacco were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after buying an additional 550 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of British American Tobacco during the 4th quarter valued at $177,000. Dimensional Fund Advisors LP raised its stake in shares of British American Tobacco by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock valued at $26,007,000 after purchasing an additional 37,359 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of British American Tobacco by 62.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 107,884 shares of the company’s stock valued at $3,160,000 after purchasing an additional 41,464 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of British American Tobacco during the 4th quarter valued at $300,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Price Performance

NYSE:BTI opened at $39.17 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.25. The business’s fifty day moving average is $35.68 and its 200 day moving average is $32.25.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.