British American Tobacco (NYSE:BTI) Shares Down 2.3%

Shares of British American Tobacco p.l.c. (NYSE:BTI) were down 2.3% during trading on Tuesday . The company traded as low as $38.43 and last traded at $38.44. Approximately 877,913 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,826,324 shares. The stock had previously closed at $39.36.

Analysts Set New Price Targets

Separately, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Trading Down 3.4 %

The business has a 50 day simple moving average of $35.84 and a 200-day simple moving average of $32.32. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Trading of British American Tobacco

Hedge funds have recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC increased its holdings in shares of British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares in the last quarter. Mather Group LLC. lifted its holdings in British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the period. Finally, Russell Investments Group Ltd. grew its position in British American Tobacco by 83.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after buying an additional 550 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Company 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.