British American Tobacco p.l.c. (NYSE:BTI) Holdings Trimmed by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the company’s stock after selling 1,611 shares during the quarter. Griffin Asset Management Inc.’s holdings in British American Tobacco were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heritage Wealth Advisors bought a new stake in shares of British American Tobacco in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust grew its position in British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after buying an additional 710 shares during the last quarter. HBC Financial Services PLLC acquired a new stake in shares of British American Tobacco during the 4th quarter valued at $29,000. CoreFirst Bank & Trust boosted its stake in shares of British American Tobacco by 297.1% during the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after acquiring an additional 707 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its holdings in shares of British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 510 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.1 %

British American Tobacco stock opened at $30.93 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $34.28. The firm’s 50 day simple moving average is $30.71 and its 200-day simple moving average is $30.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

About British American Tobacco

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.