NewEdge Advisors LLC Sells 800 Shares of British American Tobacco p.l.c. (NYSE:BTI)

NewEdge Advisors LLC decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,275 shares of the company’s stock after selling 800 shares during the quarter. NewEdge Advisors LLC’s holdings in British American Tobacco were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTI. Bank of Montreal Can increased its position 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 worth $3,658,000 after purchasing an additional 23,626 shares during the last quarter. Atria Investments Inc grew its stake 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 worth $2,270,000 after buying an additional 12,150 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of British American Tobacco by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock worth $64,000 after buying an additional 922 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after buying an additional 1,590 shares in the last quarter. Finally, Auxier Asset Management grew its position in British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after acquiring an additional 25,800 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BTI. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Thursday.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $35.29 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 company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 1.98 and a beta of 0.52. The firm’s 50-day moving average is $36.97 and its 200 day moving average is $32.98.

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.