Gateway Investment Advisers LLC Sells 16,191 Shares of British American Tobacco p.l.c. $BTI

Gateway Investment Advisers LLC trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 213,577 shares of the company’s stock after selling 16,191 shares during the period. Gateway Investment Advisers LLC’s holdings in British American Tobacco were worth $10,109,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Rosenberg Matthew Hamilton lifted its stake in shares of 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 during the last quarter. Golden State Wealth Management LLC raised its position in British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after purchasing an additional 305 shares in the last quarter. Ameriflex Group Inc. bought a new stake in British American Tobacco during the 4th quarter valued at $26,000. 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, Mather Group LLC. raised its position in British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

NYSE:BTI opened at $56.01 on Thursday. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The stock has a 50 day moving average of $55.26 and a two-hundred day moving average of $47.72. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The firm has a market cap of $115.24 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 3.83 and a beta of 0.40.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research analyst reports. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Jefferies Financial Group began coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and a consensus target price of $51.00.

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.