Bogart Wealth LLC Sells 2,100 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bogart Wealth LLC reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 40.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,097 shares of the company’s stock after selling 2,100 shares during the quarter. Bogart Wealth LLC’s holdings in British American Tobacco were worth $113,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. O Brien Greene & Co. Inc raised its stake in shares of British American Tobacco by 1.7% in the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock valued at $529,000 after buying an additional 289 shares during the period. Grove Bank & Trust raised its stake in British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after acquiring an additional 314 shares during the period. 1832 Asset Management L.P. lifted 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 purchasing an additional 363 shares during the last quarter. Greenleaf Trust boosted its position in British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after purchasing an additional 376 shares during the period. Finally, MADDEN SECURITIES Corp raised its position in shares of British American Tobacco by 1.3% in the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock valued at $1,132,000 after purchasing an additional 400 shares during the period. Institutional investors own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Trading Down 0.2 %

Shares of BTI stock opened at $34.65 on Friday. The company has a market capitalization of $76.95 billion, a PE ratio of 7.17 and a beta of 0.52. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The business’s fifty day moving average is $36.81 and its 200 day moving average is $33.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

About British American Tobacco

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.