Envestnet Asset Management Inc. Lowers Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. decreased its holdings in British American Tobacco p.l.c. (NYSE:BTIFree Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,306,275 shares of the company’s stock after selling 262,010 shares during the quarter. Envestnet Asset Management Inc.’s holdings in British American Tobacco were worth $67,551,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Intrust Bank NA grew its stake in shares of British American Tobacco by 3.5% in the 4th quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock valued at $332,000 after purchasing an additional 380 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in British American Tobacco by 1.6% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock valued at $759,000 after buying an additional 382 shares during the last quarter. Venturi Wealth Management LLC increased its stake in British American Tobacco by 1.8% in the 4th quarter. Venturi Wealth Management LLC now owns 27,696 shares of the company’s stock valued at $811,000 after buying an additional 482 shares during the period. Cape Investment Advisory Inc. raised its position in British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of British American Tobacco by 2.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 18,830 shares of the company’s stock worth $591,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.8 %

Shares of NYSE BTI opened at $30.73 on Tuesday. The company’s fifty day moving average is $30.14 and its two-hundred day moving average is $30.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $34.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

View Our Latest Stock Report on BTI

About British American Tobacco

(Free Report)

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.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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