Global Retirement Partners LLC Has $1.56 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Global Retirement Partners LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,534 shares of the company’s stock after selling 420 shares during the period. Global Retirement Partners LLC’s holdings in British American Tobacco were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after acquiring an additional 23,626 shares during the period. Atria Investments Inc grew its position in shares of British American Tobacco by 19.5% in the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after purchasing an additional 12,150 shares during the period. GAMMA Investing LLC increased its stake in British American Tobacco by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock worth $64,000 after purchasing an additional 922 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after buying an additional 1,590 shares during the period. Finally, Auxier Asset Management boosted its holdings in shares of British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after buying an additional 25,800 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $34.50 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The firm has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $33.31. The stock has a market capitalization of $76.62 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research report on Thursday, October 3rd.

About British American Tobacco

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.