British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by SAL Trading LLC

SAL Trading LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 57.9% in the second quarter, Holdings Channel reports. The institutional investor owned 29,869 shares of the company’s stock after selling 41,031 shares during the period. British American Tobacco makes up about 1.6% of SAL Trading LLC’s portfolio, making the stock its 3rd largest position. SAL Trading LLC’s holdings in British American Tobacco were worth $924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BTI. Dimensional Fund Advisors LP lifted its holdings in shares of British American Tobacco by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock worth $26,007,000 after buying an additional 37,359 shares in the last quarter. Corient Private Wealth LLC raised its stake in British American Tobacco by 43.7% in the fourth quarter. Corient Private Wealth LLC now owns 25,097 shares of the company’s stock valued at $735,000 after purchasing an additional 7,633 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in British American Tobacco by 9.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 45,846 shares of the company’s stock valued at $1,402,000 after purchasing an additional 4,133 shares in the last quarter. Qtron Investments LLC raised its stake in British American Tobacco by 40.1% in the fourth quarter. Qtron Investments LLC now owns 22,346 shares of the company’s stock valued at $655,000 after purchasing an additional 6,401 shares in the last quarter. Finally, Prevatt Capital Ltd acquired a new position in British American Tobacco in the fourth quarter valued at about $23,432,000. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Trading Down 2.6 %

BTI stock opened at $36.83 on Friday. The business has a 50-day simple moving average of $36.79 and a 200 day simple moving average of $32.79. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

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

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.