People s United Financial Inc. decreased its position in British American Tobacco PLC (NYSE:BTI) by 13.8% in the second quarter, Holdings Channel reports. The institutional investor owned 33,613 shares of the company’s stock after selling 5,366 shares during the quarter. People s United Financial Inc.’s holdings in British American Tobacco were worth $8,953,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Assetmark Inc. increased its stake in British American Tobacco by 44.6% in the 2nd quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after purchasing an additional 962 shares during the period. Stratos Wealth Partners LTD. increased its stake in British American Tobacco by 8.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 13,051 shares of the company’s stock worth $753,000 after purchasing an additional 1,017 shares during the period. Wedbush Securities Inc. increased its stake in British American Tobacco by 25.8% in the 2nd quarter. Wedbush Securities Inc. now owns 4,976 shares of the company’s stock worth $251,000 after purchasing an additional 1,021 shares during the period. Intrust Bank NA increased its stake in British American Tobacco by 7.8% in the 1st quarter. Intrust Bank NA now owns 14,923 shares of the company’s stock worth $861,000 after purchasing an additional 1,083 shares during the period. Finally, Sigma Planning Corp increased its stake in British American Tobacco by 18.5% in the 2nd quarter. Sigma Planning Corp now owns 6,957 shares of the company’s stock worth $351,000 after purchasing an additional 1,088 shares during the period. 8.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of British American Tobacco stock opened at $53.69 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. The company has a market capitalization of $113.77 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.73 and a beta of 1.07. British American Tobacco PLC has a one year low of $48.00 and a one year high of $71.44.

BTI has been the topic of a number of analyst reports. Piper Jaffray Companies cut British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 1st. Zacks Investment Research cut British American Tobacco from a “hold” rating to a “sell” rating in a research note on Monday, June 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. British American Tobacco presently has an average rating of “Hold” and an average price target of $79.00.

British American Tobacco Company 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 and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, 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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