British American Tobacco p.l.c. $BTI Shares Sold by Main Street Group LTD

Main Street Group LTD lowered its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 47.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the company’s stock after selling 1,246 shares during the quarter. Main Street Group LTD’s holdings in British American Tobacco were worth $66,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after purchasing an additional 280 shares during the period. Golden State Wealth Management LLC grew its holdings in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after acquiring an additional 305 shares during the period. Financial Management Professionals Inc. grew its holdings in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after acquiring an additional 278 shares during the period. Mather Group LLC. grew its holdings in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 1.4%

Shares of NYSE BTI opened at $53.13 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The firm has a market cap of $109.32 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. The company’s 50-day simple moving average is $55.50 and its 200-day simple moving average is $48.17.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BTI shares. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Finally, Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and an average price target of $51.00.

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.