Today: The FTB Advisors Inc. Reduces Stake in British American Tobacco PLC (BTI)

The FTB Advisors Inc. Reduces Stake in British American Tobacco PLC (BTI)

FTB Advisors Inc. cut its stake in British American Tobacco PLC (NYSE:BTI) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 1,541 shares of the company’s stock after selling 52 shares during the period. FTB Advisors Inc.’s holdings in British American Tobacco PLC were worth $198,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Signaturefd LLC raised its stake in shares of British American Tobacco PLC by 18.4% in the second quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $139,000 after buying an additional 166 shares in the last quarter. GW Henssler & Associates Ltd. raised its stake in shares of British American Tobacco PLC by 9.0% in the second quarter. GW Henssler & Associates Ltd. now owns 21,209 shares of the company’s stock valued at $2,746,000 after buying an additional 1,757 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of British American Tobacco PLC by 57.0% in the second quarter. Quadrant Capital Group LLC now owns 887 shares of the company’s stock valued at $109,000 after buying an additional 322 shares in the last quarter. Huntington National Bank purchased a new stake in shares of British American Tobacco PLC during the second quarter valued at $166,000. Finally, Cumberland Partners Ltd raised its stake in shares of British American Tobacco PLC by 25.4% in the second quarter. Cumberland Partners Ltd now owns 54,365 shares of the company’s stock valued at $7,039,000 after buying an additional 11,025 shares in the last quarter.

British American Tobacco PLC (NYSE:BTI) traded down 1.06% during trading on Monday, hitting $118.15. The stock had a trading volume of 214,150 shares. The company has a market cap of $109.76 billion and a PE ratio of 20.07. The stock has a 50-day moving average price of $125.03 and a 200-day moving average price of $123.68. British American Tobacco PLC has a 52 week low of $99.81 and a 52 week high of $131.34.

Several analysts recently weighed in on the company. Goldman Sachs Group Inc. raised British American Tobacco PLC from a “sell” rating to a “conviction-buy” rating in a report on Tuesday, June 28th. Investec raised British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research lowered British American Tobacco PLC from a “hold” rating to a “sell” rating in a report on Friday, September 23rd. Credit Agricole SA lowered British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a report on Thursday, July 7th. Finally, Barclays PLC lowered British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $139.00.

British American Tobacco PLC Company Profile

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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