First County Bank CT Reduces Stake in British American Tobacco p.l.c. (NYSE:BTI)

First County Bank CT reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,201 shares of the company’s stock after selling 4,526 shares during the period. First County Bank CT’s holdings in British American Tobacco were worth $965,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of British American Tobacco by 153.7% in the 1st 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 in the last quarter. Mather Group LLC. boosted its position in shares of British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC lifted its position in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after buying an additional 545 shares during the period. Pathway Financial Advisers LLC bought a new stake in British American Tobacco during the first quarter worth about $46,000. Finally, City State Bank boosted its position in shares of British American Tobacco by 5,016.7% in the 1st quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after purchasing an additional 1,505 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

Shares of BTI opened at $37.82 on Friday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a 50 day moving average of $36.71 and a 200 day moving average of $32.74.

Analyst Upgrades and Downgrades

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

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.