British American Tobacco p.l.c. (NYSE:BTI) Stake Decreased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 25.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,416 shares of the company’s stock after selling 823 shares during the quarter. Geneos Wealth Management Inc.’s holdings in British American Tobacco were worth $74,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of British American Tobacco during the fourth quarter valued at about $427,000. Central Bank & Trust Co. acquired a new stake in shares of British American Tobacco in the 4th quarter worth approximately $34,000. Gateway Investment Advisers LLC increased its stake in shares of British American Tobacco by 110.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 177,349 shares of the company’s stock valued at $5,195,000 after acquiring an additional 93,128 shares during the period. BKM Wealth Management LLC bought a new stake in British American Tobacco during the fourth quarter worth approximately $36,000. Finally, Raymond James Trust N.A. lifted its position in British American Tobacco by 1.4% in the fourth quarter. Raymond James Trust N.A. now owns 51,627 shares of the company’s stock worth $1,512,000 after purchasing an additional 715 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

British American Tobacco Stock Performance

Shares of BTI opened at $32.61 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $34.28. The stock has a market capitalization of $72.79 billion, a P/E ratio of 6.71, a P/E/G ratio of 1.64 and a beta of 0.52. The firm’s 50 day moving average is $31.15 and its 200-day moving average is $30.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

British American Tobacco Company 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.