NewEdge Advisors LLC Sells 800 Shares of British American Tobacco p.l.c. (NYSE:BTI)

NewEdge Advisors LLC reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,275 shares of the company’s stock after selling 800 shares during the quarter. NewEdge Advisors LLC’s holdings in British American Tobacco were worth $1,493,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after buying an additional 23,626 shares during the last quarter. Atria Investments Inc raised its holdings in British American Tobacco by 19.5% in the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after purchasing an additional 12,150 shares during the period. GAMMA Investing LLC lifted its position in British American Tobacco by 79.3% during the first quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in British American Tobacco by 131.8% during the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares during the period. Finally, Auxier Asset Management increased its position in British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after buying an additional 25,800 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

NYSE:BTI opened at $35.29 on Friday. The stock has a 50-day moving average price of $36.97 and a 200 day moving average price of $32.98. 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 12-month low of $28.25 and a 12-month high of $39.54. The stock has a market capitalization of $78.38 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.98 and a beta of 0.52.

Analyst Upgrades and Downgrades

A number of research firms have commented on BTI. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday.

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.