TD Asset Management Inc Sells 12,014 Shares of British American Tobacco p.l.c. (NYSE:BTI)

TD Asset Management Inc reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 49.1% during the second quarter, Holdings Channel.com reports. The fund owned 12,449 shares of the company’s stock after selling 12,014 shares during the quarter. TD Asset Management Inc’s holdings in British American Tobacco were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BTI. Heritage Wealth Advisors bought a new position in shares of British American Tobacco during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. increased its position in shares of British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares during the last quarter. Larson Financial Group LLC increased its position in shares of British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after purchasing an additional 550 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

British American Tobacco Stock Up 0.6 %

Shares of BTI stock opened at $39.17 on Monday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.25. The business has a 50-day moving average of $35.68 and a 200 day moving average of $32.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

British American Tobacco 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.