Dorsey & Whitney Trust CO LLC Sells 1,008 Shares of British American Tobacco p.l.c. $BTI

Dorsey & Whitney Trust CO LLC trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,054 shares of the company’s stock after selling 1,008 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in British American Tobacco were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Orbis Allan Gray Ltd lifted its holdings in British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after purchasing an additional 2,040,011 shares during the last quarter. GQG Partners LLC lifted its stake in shares of British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after buying an additional 3,590,916 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of British American Tobacco by 93.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock worth $132,158,000 after buying an additional 1,345,175 shares during the period. Newport Trust Company LLC grew its stake in British American Tobacco by 1.1% in the 1st quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock valued at $114,779,000 after buying an additional 31,205 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in British American Tobacco by 1.5% in the 1st quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock valued at $102,347,000 after acquiring an additional 35,926 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. 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. Finally, Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco currently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $54.80 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $53.09 and a 200-day moving average of $51.41. British American Tobacco p.l.c. has a 1-year low of $34.82 and a 1-year high of $59.29.

British American Tobacco 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.