British American Tobacco p.l.c. $BTI Position Decreased by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 46.3% during the fourth quarter, Holdings Channel reports. The firm owned 46,386 shares of the company’s stock after selling 40,057 shares during the period. Employees Retirement System of Texas’ holdings in British American Tobacco were worth $2,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BTI. Cary Street Partners Financial LLC acquired a new position in British American Tobacco in the second quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its position in shares of British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after acquiring an additional 346 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after acquiring an additional 391 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth $42,000. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BTI shares. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Weiss Ratings lowered shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

BTI opened at $64.01 on Thursday. The stock has a fifty day moving average price of $59.84 and a 200 day moving average price of $58.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 1 year low of $44.58 and a 1 year high of $67.30.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.