Wright Investors Service Inc. grew its stake in British American Tobacco PLC (NYSE:BTI) by 7.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,505 shares of the company’s stock after acquiring an additional 1,289 shares during the quarter. Wright Investors Service Inc.’s holdings in British American Tobacco were worth $645,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Sigma Planning Corp grew its stake in shares of British American Tobacco by 44.7% in the 2nd quarter. Sigma Planning Corp now owns 13,021 shares of the company’s stock valued at $454,000 after purchasing an additional 4,023 shares during the period. Stephens Inc. AR grew its stake in shares of British American Tobacco by 2.2% in the 2nd quarter. Stephens Inc. AR now owns 217,722 shares of the company’s stock valued at $7,592,000 after purchasing an additional 4,711 shares during the period. Advisory Services Network LLC grew its stake in shares of British American Tobacco by 84.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,211 shares of the company’s stock valued at $77,000 after purchasing an additional 1,010 shares during the period. Willingdon Wealth Management bought a new stake in shares of British American Tobacco in the 2nd quarter valued at approximately $137,000. Finally, Tdam USA Inc. grew its stake in shares of British American Tobacco by 0.3% in the 2nd quarter. Tdam USA Inc. now owns 119,663 shares of the company’s stock valued at $4,173,000 after purchasing an additional 393 shares during the period. Institutional investors own 6.12% of the company’s stock.

Several research firms have recently weighed in on BTI. Morgan Stanley lowered British American Tobacco from an “equal” rating to an “underweight” rating in a research note on Monday, June 17th. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Shares of BTI stock traded up $0.81 during trading hours on Thursday, hitting $37.03. The company had a trading volume of 68,930 shares, compared to its average volume of 1,809,696. The company has a market cap of $78.63 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.18 and a beta of 0.86. British American Tobacco PLC has a 12 month low of $30.67 and a 12 month high of $54.19. The stock’s fifty day moving average is $36.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.39.

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 & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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

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