Envestnet Asset Management Inc. Sells 52,420 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,080,714 shares of the company’s stock after selling 52,420 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of British American Tobacco worth $64,356,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of British American Tobacco by 14.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 153,169 shares of the company’s stock worth $4,738,000 after buying an additional 19,185 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in British American Tobacco by 9.0% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 35,050 shares of the company’s stock valued at $1,084,000 after acquiring an additional 2,881 shares in the last quarter. D Orazio & Associates Inc. bought a new stake in shares of British American Tobacco in the 2nd quarter worth $216,000. HHM Wealth Advisors LLC raised its stake in shares of British American Tobacco by 156.0% in the second quarter. HHM Wealth Advisors LLC now owns 3,018 shares of the company’s stock worth $93,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of British American Tobacco during the second quarter valued at $250,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Trading Down 0.4 %

Shares of British American Tobacco stock opened at $37.87 on Thursday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company’s 50 day moving average is $36.08 and its 200 day moving average is $32.42.

British American Tobacco 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.