British American Tobacco p.l.c. $BTI Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,154 shares of the company’s stock after selling 1,881 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $2,042,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. raised its stake in British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 30,600 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after acquiring an additional 5,745 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after acquiring an additional 157,251 shares during the last quarter. Essex LLC acquired a new stake in shares of British American Tobacco in the 1st quarter worth $292,000. Finally, Citizens National Bank Trust Department increased its stake in shares of British American Tobacco by 59.3% in the 1st quarter. Citizens National Bank Trust Department now owns 36,480 shares of the company’s stock worth $1,509,000 after acquiring an additional 13,579 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BTI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Friday. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Jefferies Financial Group assumed coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Up 0.5%

Shares of NYSE:BTI opened at $52.09 on Monday. The business has a 50-day moving average price of $54.24 and a 200 day moving average price of $49.97. British American Tobacco p.l.c. has a 12-month low of $34.24 and a 12-month high of $59.29. The company has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.67 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

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.