Grove Bank & Trust Has $100,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Grove Bank & Trust cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 13.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,750 shares of the company’s stock after selling 426 shares during the quarter. Grove Bank & Trust’s holdings in British American Tobacco were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. Rhumbline Advisers grew its holdings in shares of British American Tobacco by 41.8% during the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after purchasing an additional 1,490 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of British American Tobacco by 23.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 28,822 shares of the company’s stock valued at $892,000 after purchasing an additional 5,461 shares during the last quarter. Sei Investments Co. boosted its stake in shares of British American Tobacco by 3.5% in the 2nd quarter. Sei Investments Co. now owns 182,526 shares of the company’s stock valued at $5,646,000 after purchasing an additional 6,139 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of British American Tobacco by 3.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,576 shares of the company’s stock valued at $513,000 after acquiring an additional 618 shares during the period. Finally, Summit Trail Advisors LLC bought a new position in British American Tobacco during the second quarter worth $236,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BTI shares. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

British American Tobacco stock opened at $36.32 on Tuesday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The firm’s fifty day moving average price is $36.77 and its two-hundred day moving average price is $36.06. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.