Boston Partners Sells 6,265 Shares of British American Tobacco p.l.c. $BTI

Boston Partners decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,178 shares of the company’s stock after selling 6,265 shares during the quarter. Boston Partners’ holdings in British American Tobacco were worth $2,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd boosted its position in shares of British American Tobacco by 20.4% during the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after buying an additional 2,040,011 shares during the last quarter. GQG Partners LLC lifted its stake in British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after acquiring an additional 3,590,916 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in 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 acquiring an additional 1,345,175 shares during the last quarter. Newport Trust Company LLC grew its stake in shares of 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 worth $114,779,000 after acquiring an additional 31,205 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of British American Tobacco by 201.6% in the second quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock valued at $130,078,000 after purchasing an additional 1,837,106 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Up 1.0%

Shares of NYSE BTI opened at $58.36 on Friday. The stock has a fifty day simple moving average of $53.18 and a two-hundred day simple moving average of $52.08. British American Tobacco p.l.c. has a 1-year low of $34.82 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BTI. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.00.

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.