DRW Securities LLC Cuts Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

DRW Securities LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,276 shares of the company’s stock after selling 323 shares during the period. DRW Securities LLC’s holdings in British American Tobacco were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco in the fourth quarter valued at about $26,000. Larson Financial Group LLC lifted its stake in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares in 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 purchasing an additional 510 shares during the last quarter. Mather Group LLC. grew its position in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted 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 worth $35,000 after buying an additional 550 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Down 0.3 %

BTI opened at $37.44 on Friday. The business’s 50 day moving average price is $36.28 and its 200 day moving average price is $32.53. 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 stock has a market capitalization of $83.16 billion, a PE ratio of 7.74, a P/E/G ratio of 2.04 and a beta of 0.52. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research 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.