US Bancorp DE Has $2.29 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

US Bancorp DE decreased its position in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,566 shares of the company’s stock after selling 4,600 shares during the period. US Bancorp DE’s holdings in British American Tobacco were worth $2,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in British American Tobacco in the second quarter valued at $29,000. Rise Advisors LLC bought a new stake in British American Tobacco in the second quarter valued at $34,000. ACG Wealth bought a new stake in British American Tobacco in the second quarter valued at $39,000. Goodman Advisory Group LLC bought a new stake in British American Tobacco in the second quarter valued at $45,000. Finally, Tsfg LLC increased its stake in British American Tobacco by 160.0% in the third quarter. Tsfg LLC now owns 1,300 shares of the company’s stock valued at $46,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 6.37% of the company’s stock.

British American Tobacco Trading Down 1.1 %

NYSE:BTI opened at $38.40 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a 50-day moving average of $40.20 and a 200-day moving average of $39.74. The company has a market cap of $88.02 billion, a PE ratio of 7.38 and a beta of 0.61. British American Tobacco p.l.c. has a one year low of $35.47 and a one year high of $47.24.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BTI. The Goldman Sachs Group downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, November 11th.

British American Tobacco 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.