Baird Financial Group Inc. decreased its position in shares of British American Tobacco PLC (NYSE:BTI) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,721 shares of the company’s stock after selling 1,834 shares during the period. Baird Financial Group Inc.’s holdings in British American Tobacco were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in shares of British American Tobacco by 22.3% during the second quarter. Gradient Investments LLC now owns 38,595 shares of the company’s stock valued at $1,947,000 after acquiring an additional 7,049 shares in the last quarter. Cumberland Partners Ltd increased its holdings in British American Tobacco by 1.7% in the 2nd quarter. Cumberland Partners Ltd now owns 114,075 shares of the company’s stock worth $5,755,000 after buying an additional 1,948 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in British American Tobacco by 30.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,031 shares of the company’s stock worth $4,189,000 after buying an additional 19,329 shares during the period. Alps Advisors Inc. acquired a new position in British American Tobacco in the 2nd quarter worth approximately $587,000. Finally, Landmark Bank acquired a new position in British American Tobacco in the 2nd quarter worth approximately $263,000. Institutional investors and hedge funds own 7.67% of the company’s stock.

Shares of NYSE:BTI traded down $1.07 during midday trading on Friday, reaching $43.27. 3,963,063 shares of the company’s stock traded hands, compared to its average volume of 2,020,705. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. The firm has a market capitalization of $99.37 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. British American Tobacco PLC has a 1 year low of $42.81 and a 1 year high of $71.44.

Several equities analysts recently weighed in on BTI shares. Royal Bank of Canada downgraded shares of British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, Jefferies Financial Group set a $66.00 price objective on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Monday, September 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. British American Tobacco has an average rating of “Hold” and an average price target of $73.00.

British American Tobacco Company 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.

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

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