Newport Trust Company LLC Sells 179,374 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Newport Trust Company LLC lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,019,939 shares of the company’s stock after selling 179,374 shares during the quarter. Newport Trust Company LLC owned 0.14% of British American Tobacco worth $93,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BTI. Heritage Wealth Advisors purchased a new stake in British American Tobacco during the fourth quarter valued at about $26,000. Cape Investment Advisory Inc. lifted its position in British American Tobacco by 92.7% in 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 last quarter. Larson Financial Group LLC boosted its stake in British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after buying an additional 610 shares in the last quarter. Russell Investments Group Ltd. grew its position in British American Tobacco by 83.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after acquiring an additional 550 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the last quarter. 21.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Down 0.8 %

Shares of BTI stock opened at $37.57 on Friday. The business has a 50-day moving average of $36.18 and a 200 day moving average of $32.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54.

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.