Argent Trust Co Lowers Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Argent Trust Co cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,918 shares of the company’s stock after selling 1,303 shares during the quarter. Argent Trust Co’s holdings in British American Tobacco were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Heritage Wealth Advisors purchased a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $26,000. Cape Investment Advisory Inc. increased its holdings in British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after buying an additional 510 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after acquiring an additional 610 shares during the period. Russell Investments Group Ltd. boosted its stake 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 worth $35,000 after acquiring an additional 550 shares in the last quarter. Finally, Mather Group LLC. grew 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 period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.3 %

Shares of NYSE BTI opened at $37.44 on Friday. The firm’s 50-day moving average is $36.28 and its two-hundred day moving average is $32.51. The company has a market capitalization of $83.16 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analyst Ratings Changes

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 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.