British American Tobacco p.l.c. $BTI Shares Sold by CNB Bank

CNB Bank lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 59.1% in the second quarter, HoldingsChannel.com reports. The firm owned 1,950 shares of the company’s stock after selling 2,816 shares during the quarter. CNB Bank’s holdings in British American Tobacco were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton lifted 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 increased its stake in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after purchasing an additional 305 shares in the last quarter. Mather Group LLC. raised its holdings in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 480 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in British American Tobacco during the first quarter worth $32,000. Finally, Bessemer Group Inc. grew its holdings in British American Tobacco by 232.4% in the first quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after purchasing an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Friday. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Morgan Stanley restated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Up 0.5%

BTI stock opened at $52.09 on Friday. The company has a 50 day moving average price of $54.24 and a two-hundred day moving average price of $49.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The stock has a market capitalization of $107.04 billion, a P/E ratio of 10.72, a PEG ratio of 3.67 and a beta of 0.42. British American Tobacco p.l.c. has a one year low of $34.24 and a one year high of $59.29.

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.