British American Tobacco p.l.c. $BTI Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 26.5% during the second quarter, Holdings Channel.com reports. The fund owned 13,709 shares of the company’s stock after selling 4,932 shares during the period. Griffin Asset Management Inc.’s holdings in British American Tobacco were worth $649,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after acquiring an additional 280 shares during the period. Golden State Wealth Management LLC grew its position in shares of British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after acquiring an additional 305 shares during the period. Mather Group LLC. grew its position in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after acquiring an additional 480 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of British American Tobacco during the 1st quarter valued at about $32,000. Finally, CX Institutional acquired a new stake in shares of British American Tobacco during the 1st quarter valued at about $34,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BTI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Trading Up 0.3%

Shares of British American Tobacco stock opened at $51.50 on Monday. The stock has a market cap of $105.82 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.57 and a beta of 0.42. The stock’s 50 day simple moving average is $55.39 and its 200-day simple moving average is $49.21. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.