Edmp Inc. Sells 2,627 Shares of British American Tobacco p.l.c. $BTI

Edmp Inc. reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 38.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,239 shares of the company’s stock after selling 2,627 shares during the quarter. Edmp Inc.’s holdings in British American Tobacco were worth $201,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Michels Family Financial LLC increased its holdings in shares of British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after acquiring an additional 249 shares in the last quarter. Applied Capital LLC FL boosted its position in shares of British American Tobacco by 1.1% during the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock worth $963,000 after buying an additional 257 shares during the period. Elevation Point Wealth Partners LLC boosted its position in shares of British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock worth $691,000 after buying an additional 258 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of British American Tobacco by 9.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after buying an additional 259 shares during the period. Finally, Capital Investment Advisors LLC boosted its position in shares of British American Tobacco by 4.9% during the second quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock worth $266,000 after buying an additional 262 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $50.79 on Tuesday. 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 50 day moving average price of $55.29 and a two-hundred day moving average price of $49.29. The firm has a market capitalization of $104.37 billion, a P/E ratio of 10.43, a P/E/G ratio of 3.57 and a beta of 0.42. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week 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.