Financial Counselors Inc. Trims Position in British American Tobacco p.l.c. (NYSE:BTI)

Financial Counselors Inc. lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,396 shares of the company’s stock after selling 6,373 shares during the quarter. Financial Counselors Inc.’s holdings in British American Tobacco were worth $6,013,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Arlington Partners LLC grew its holdings in shares of British American Tobacco by 3.3% during the second quarter. Arlington Partners LLC now owns 103,079 shares of the company’s stock worth $3,188,000 after purchasing an additional 3,295 shares in the last quarter. Fielder Capital Group LLC purchased a new position in shares of British American Tobacco during the second quarter worth about $269,000. Ritholtz Wealth Management grew its holdings in shares of British American Tobacco by 123.3% during the second quarter. Ritholtz Wealth Management now owns 122,665 shares of the company’s stock worth $3,794,000 after purchasing an additional 67,730 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new position in shares of British American Tobacco during the second quarter worth about $219,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Trading Up 0.6 %

NYSE:BTI opened at $37.57 on Tuesday. The business has a 50 day moving average of $34.37 and a 200 day moving average of $31.72. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $37.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

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.