Whittier Trust Co. lowered its stake in shares of British American Tobacco PLC (NYSE:BTI) by 18.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,701 shares of the company’s stock after selling 3,145 shares during the quarter. Whittier Trust Co.’s holdings in British American Tobacco were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in British American Tobacco by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,900 shares of the company’s stock worth $37,050,000 after acquiring an additional 23,501 shares in the last quarter. Geode Capital Management LLC boosted its holdings in British American Tobacco by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 49,102 shares of the company’s stock worth $1,512,000 after acquiring an additional 3,037 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in British American Tobacco in the fourth quarter worth about $407,000. LifePlan Financial Group Inc boosted its holdings in British American Tobacco by 2,251.3% in the first quarter. LifePlan Financial Group Inc now owns 917 shares of the company’s stock worth $38,000 after acquiring an additional 878 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in British American Tobacco in the first quarter worth about $5,953,000. 6.11% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. Piper Jaffray Companies downgraded British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Thursday, July 11th. Morgan Stanley downgraded British American Tobacco from an “equal” rating to an “underweight” rating in a report on Monday, June 17th. Finally, Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. British American Tobacco presently has an average rating of “Hold” and an average target price of $53.00.
About British American Tobacco
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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