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

Envestnet Asset Management Inc. lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,080,714 shares of the company’s stock after selling 52,420 shares during the quarter. Envestnet Asset Management Inc.’s holdings in British American Tobacco were worth $64,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. increased its holdings in British American Tobacco by 4.2% during the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after buying an additional 363 shares during the last quarter. Gallacher Capital Management LLC lifted its position in British American Tobacco by 3.8% during the first quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after purchasing an additional 402 shares in the last quarter. Dearborn Partners LLC grew its holdings in British American Tobacco by 5.0% during the first quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after purchasing an additional 425 shares during the period. Moody National Bank Trust Division increased its position in British American Tobacco by 6.3% in the first quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock worth $238,000 after buying an additional 465 shares in the last quarter. Finally, MADDEN SECURITIES Corp raised its stake in shares of British American Tobacco by 1.7% in the second quarter. MADDEN SECURITIES Corp now owns 30,535 shares of the company’s stock worth $944,000 after buying an additional 500 shares during the period. Institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Trading Down 0.4 %

Shares of BTI stock opened at $37.87 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $36.08 and a two-hundred day simple moving average of $32.42. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54.

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.