Archford Capital Strategies LLC Cuts Position in British American Tobacco PLC (NYSE:BTI)

Archford Capital Strategies LLC decreased its position in British American Tobacco PLC (NYSE:BTI) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,190 shares of the company’s stock after selling 346 shares during the quarter. Archford Capital Strategies LLC’s holdings in British American Tobacco were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BTI. Cypress Capital LLC increased its position in shares of British American Tobacco by 10.2% during the second quarter. Cypress Capital LLC now owns 13,796 shares of the company’s stock worth $481,000 after acquiring an additional 1,275 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of British American Tobacco by 191.5% during the second quarter. Flagship Harbor Advisors LLC now owns 1,131 shares of the company’s stock worth $39,000 after acquiring an additional 743 shares during the period. Inlet Private Wealth LLC increased its position in shares of British American Tobacco by 51.0% during the second quarter. Inlet Private Wealth LLC now owns 64,800 shares of the company’s stock worth $2,352,000 after acquiring an additional 21,900 shares during the period. Bessemer Group Inc. increased its position in shares of British American Tobacco by 78.5% during the second quarter. Bessemer Group Inc. now owns 1,078 shares of the company’s stock worth $38,000 after acquiring an additional 474 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of British American Tobacco by 845.6% during the second quarter. SG Americas Securities LLC now owns 43,867 shares of the company’s stock worth $1,530,000 after acquiring an additional 39,228 shares during the period. 5.59% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a research report on Monday. Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. British American Tobacco presently has a consensus rating of “Hold” and an average target price of $40.00.

British American Tobacco stock opened at $35.44 on Friday. British American Tobacco PLC has a twelve month low of $30.67 and a twelve month high of $46.50. The stock’s fifty day simple moving average is $35.55 and its 200-day simple moving average is $36.85. The company has a current ratio of 0.73, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $73.99 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.26 and a beta of 0.86.

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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