British American Tobacco (NYSE:BTI) Stock Price Down 2.3%

British American Tobacco p.l.c. (NYSE:BTI) traded down 2.3% on Tuesday . The stock traded as low as $38.43 and last traded at $38.44. 877,913 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 4,826,324 shares. The stock had previously closed at $39.36.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

The firm’s 50 day moving average is $36.08 and its two-hundred day moving average is $32.42. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Investors Weigh In On British American Tobacco

A number of institutional investors and hedge funds have recently modified their holdings of BTI. Heritage Wealth Advisors bought a new position in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Larson Financial Group LLC increased its holdings in shares of British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares during the period. Mather Group LLC. increased its stake in shares of British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in British American Tobacco by 83.8% in 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 in the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Company Profile

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.