DRW Securities LLC Lowers Stock Holdings in British American Tobacco p.l.c. $BTI

Key Points

• DRW Securities LLC reduced its stake in British American Tobacco by 18.0%, selling 14,065 shares and leaving them with 64,249 shares valued at approximately $2.7 million.
• Institutional investments saw significant changes, with GQG Partners LLC increasing their holdings by 59.8%, acquiring an additional 3.6 million shares.
• British American Tobacco currently holds a consensus rating of "Moderate Buy" with a price target of $40.00, and has a market cap of $117.09 billion.

DRW Securities LLC lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,249 shares of the company's stock after selling 14,065 shares during the quarter. DRW Securities LLC's holdings in British American Tobacco were worth $2,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in shares of British American Tobacco by 0.7% in the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after purchasing an additional 244 shares during the last quarter. Applied Capital LLC FL grew its stake in British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after purchasing an additional 257 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after purchasing an additional 258 shares during the period. Financial Management Professionals Inc. raised its position in British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after acquiring an additional 280 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Down 0.3%

Shares of BTI traded down $0.19 during mid-day trading on Wednesday, reaching $55.06. The company had a trading volume of 7,793,659 shares, compared to its average volume of 4,196,793. The stock has a 50 day moving average of $53.45 and a two-hundred day moving average of $46.44. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29.

Analyst Ratings Changes

Several equities research analysts have recently commented on BTI shares. Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Royal Bank Of Canada lowered shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday. Finally, Morgan Stanley restated an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.00.

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.