Trading Report: The Family Capital Trust Co Cuts Stake in British American Tobacco PLC (BTI)

The Family Capital Trust Co Cuts Stake in British American Tobacco PLC (BTI)

Family Capital Trust Co cut its position in shares of British American Tobacco PLC (NYSE:BTI) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,290 shares of the company’s stock after selling 290 shares during the period. Family Capital Trust Co’s holdings in British American Tobacco PLC were worth $167,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in British American Tobacco PLC by 57.0% in the second quarter. Quadrant Capital Group LLC now owns 887 shares of the company’s stock worth $109,000 after buying an additional 322 shares during the last quarter. Acadian Asset Management LLC boosted its position in British American Tobacco PLC by 47.4% in the second quarter. Acadian Asset Management LLC now owns 1,129 shares of the company’s stock worth $146,000 after buying an additional 363 shares during the last quarter. Huntington National Bank acquired a new position in British American Tobacco PLC during the second quarter worth about $166,000. Kanaly Trust Co boosted its position in British American Tobacco PLC by 19.0% in the second quarter. Kanaly Trust Co now owns 1,466 shares of the company’s stock worth $190,000 after buying an additional 234 shares during the last quarter. Finally, Capital One National Association acquired a new position in British American Tobacco PLC during the second quarter worth about $201,000.

British American Tobacco PLC (NYSE:BTI) traded down 1.20% on Friday, hitting $121.53. The stock had a trading volume of 439,621 shares. The stock has a market capitalization of $112.90 billion and a price-to-earnings ratio of 20.13. The company has a 50-day moving average price of $126.33 and a 200-day moving average price of $123.47. British American Tobacco PLC has a 52 week low of $99.81 and a 52 week high of $131.34.

A number of research analysts have issued reports on the company. Credit Agricole SA cut British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a research note on Thursday, July 7th. Berenberg Bank cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Zacks Investment Research cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Societe Generale cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Barclays PLC cut British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. British American Tobacco PLC presently has a consensus rating of “Hold” and a consensus target price of $139.00.

About British American Tobacco PLC

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

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