Kistler Tiffany Companies LLC Trims Position in British American Tobacco PLC (NYSE:BTI)

Kistler Tiffany Companies LLC cut its position in British American Tobacco PLC (NYSE:BTI) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,711 shares of the company’s stock after selling 687 shares during the period. Kistler Tiffany Companies LLC’s holdings in British American Tobacco were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BTI. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of British American Tobacco by 364.9% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 816,400 shares of the company’s stock worth $28,468,000 after purchasing an additional 640,800 shares in the last quarter. Invesco Ltd. increased its stake in shares of British American Tobacco by 63.1% in the second quarter. Invesco Ltd. now owns 1,340,891 shares of the company’s stock worth $46,757,000 after purchasing an additional 518,515 shares in the last quarter. Boston Partners increased its stake in shares of British American Tobacco by 29.7% in the second quarter. Boston Partners now owns 1,035,188 shares of the company’s stock worth $36,116,000 after purchasing an additional 236,838 shares in the last quarter. First Trust Advisors LP increased its stake in shares of British American Tobacco by 27.9% in the second quarter. First Trust Advisors LP now owns 1,051,874 shares of the company’s stock worth $36,679,000 after purchasing an additional 229,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of British American Tobacco by 9.0% in the second quarter. JPMorgan Chase & Co. now owns 2,603,525 shares of the company’s stock worth $90,968,000 after purchasing an additional 214,064 shares in the last quarter. 5.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:BTI opened at $34.53 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 0.73. The firm has a fifty day moving average price of $35.58 and a 200 day moving average price of $37.03. British American Tobacco PLC has a fifty-two week low of $30.67 and a fifty-two week high of $46.50. The firm has a market cap of $74.39 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.12 and a beta of 0.86.

A number of brokerages have recently issued reports on BTI. Zacks Investment Research cut shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. Piper Jaffray Companies cut shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.

About British American Tobacco

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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