B. Riley Wealth Advisors Inc. Sells 5,855 Shares of British American Tobacco p.l.c. (NYSE:BTI)

B. Riley Wealth Advisors Inc. decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 19.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,780 shares of the company’s stock after selling 5,855 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in British American Tobacco were worth $785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC grew its position in British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Mather Group LLC. increased 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 in the last quarter. Addison Advisors LLC lifted its stake in British American Tobacco by 79.9% in 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 position in shares of British American Tobacco during the 1st quarter worth about $46,000. Finally, City State Bank raised its stake in British American Tobacco by 5,016.7% during the 1st quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after buying an additional 1,505 shares during the period. Institutional investors own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BTI. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday.

British American Tobacco Stock Up 0.5 %

BTI opened at $35.29 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week 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 company’s 50-day moving average is $36.97 and its 200 day moving average is $32.97. The firm has a market capitalization of $78.37 billion, a P/E ratio of 7.29, a PEG ratio of 1.98 and a beta of 0.52.

British American Tobacco 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.