British American Tobacco PLC (BTI) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its holdings in British American Tobacco PLC (NYSE:BTI) by 26.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,079 shares of the company’s stock after selling 6,500 shares during the quarter. Greenleaf Trust’s holdings in British American Tobacco were worth $576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FDx Advisors Inc. grew its stake in shares of British American Tobacco by 15.3% during the 4th quarter. FDx Advisors Inc. now owns 43,385 shares of the company’s stock valued at $1,382,000 after purchasing an additional 5,753 shares during the period. Prudential Financial Inc. grew its stake in shares of British American Tobacco by 86.1% during the 4th quarter. Prudential Financial Inc. now owns 108,525 shares of the company’s stock valued at $3,458,000 after purchasing an additional 50,200 shares during the period. Boston Partners bought a new position in shares of British American Tobacco during the 4th quarter valued at approximately $26,016,000. Rational Advisors LLC grew its stake in shares of British American Tobacco by 873.2% during the 4th quarter. Rational Advisors LLC now owns 2,180 shares of the company’s stock valued at $69,000 after acquiring an additional 1,956 shares during the period. Finally, Intrust Bank NA grew its stake in shares of British American Tobacco by 60.2% during the 4th quarter. Intrust Bank NA now owns 23,412 shares of the company’s stock valued at $746,000 after acquiring an additional 8,802 shares during the period. Institutional investors own 6.95% of the company’s stock.

A number of research analysts recently issued reports on BTI shares. Zacks Investment Research downgraded British American Tobacco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Royal Bank of Canada upgraded British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Cowen downgraded British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Finally, Piper Jaffray Companies upgraded British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.00.

Shares of NYSE:BTI opened at $36.92 on Friday. The company has a market cap of $79.61 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. British American Tobacco PLC has a 12-month low of $30.67 and a 12-month high of $62.81.

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British American Tobacco Profile

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 and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

Further Reading: Are all No-Load Funds Equal?

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

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