Baird Financial Group Inc. Sells 12,781 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Baird Financial Group Inc. decreased its position in British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 24.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,545 shares of the company’s stock after selling 12,781 shares during the quarter. Baird Financial Group Inc.’s holdings in British American Tobacco were worth $1,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in British American Tobacco by 5.1% during the 1st quarter. Park Avenue Securities LLC now owns 31,467 shares of the company’s stock valued at $1,327,000 after acquiring an additional 1,517 shares during the period. Whittier Trust Co. lifted its holdings in shares of British American Tobacco by 32.6% during the first quarter. Whittier Trust Co. now owns 16,532 shares of the company’s stock valued at $697,000 after purchasing an additional 4,063 shares during the last quarter. Atria Investments LLC lifted its holdings in shares of British American Tobacco by 3.8% during the first quarter. Atria Investments LLC now owns 85,195 shares of the company’s stock valued at $3,592,000 after purchasing an additional 3,152 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of British American Tobacco by 13.2% in the 1st quarter. DAVENPORT & Co LLC now owns 106,904 shares of the company’s stock worth $4,507,000 after purchasing an additional 12,433 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in shares of British American Tobacco in the 1st quarter worth approximately $202,000. Hedge funds and other institutional investors own 6.70% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $39.29 on Friday. The company has a market cap of $90.06 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.78 and a beta of 0.61. The business’s fifty day simple moving average is $38.10 and its two-hundred day simple moving average is $40.50. British American Tobacco p.l.c. has a 12 month low of $33.62 and a 12 month high of $47.24. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BTI shares. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. The Goldman Sachs Group cut shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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

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