Rosenberg Matthew Hamilton Decreases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Rosenberg Matthew Hamilton lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 33.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,568 shares of the company’s stock after selling 1,274 shares during the period. Rosenberg Matthew Hamilton’s holdings in British American Tobacco were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in shares of British American Tobacco by 10.9% during the second quarter. Federated Hermes Inc. now owns 2,853,980 shares of the company’s stock worth $110,792,000 after buying an additional 280,086 shares in the last quarter. Capital World Investors increased its holdings in shares of British American Tobacco by 127.3% in the first quarter. Capital World Investors now owns 2,256,543 shares of the company’s stock valued at $77,137,000 after purchasing an additional 1,263,856 shares during the period. Raymond James & Associates increased its holdings in shares of British American Tobacco by 4.0% in the second quarter. Raymond James & Associates now owns 2,148,509 shares of the company’s stock valued at $83,405,000 after purchasing an additional 81,807 shares during the period. Capital International Investors grew its holdings in British American Tobacco by 144,534.0% during the first quarter. Capital International Investors now owns 2,024,876 shares of the company’s stock worth $69,221,000 after acquiring an additional 2,023,476 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in British American Tobacco by 18.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,341,158 shares of the company’s stock worth $48,483,000 after acquiring an additional 205,245 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Several research firms have weighed in on BTI. JPMorgan Chase & Co. reissued an “overweight” rating on shares of British American Tobacco in a report on Monday, August 10th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. Jefferies Financial Group downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank of Canada upgraded British American Tobacco from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 22nd. Finally, Credit Suisse Group restated an “outperform” rating on shares of British American Tobacco in a research note on Wednesday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.50.

British American Tobacco stock traded up $0.23 during mid-day trading on Friday, hitting $34.07. 1,314,594 shares of the company’s stock traded hands, compared to its average volume of 2,236,260. The firm has a 50 day moving average price of $34.85 and a 200 day moving average price of $36.50. The company has a quick ratio of 0.53, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. The company has a market cap of $78.02 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.79. British American Tobacco p.l.c. has a one year low of $27.32 and a one year high of $45.64.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson and Hedges, 555, Peter Stuyvesant, Double Happiness, Granit, Mocca, and Kodiak brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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