British American Tobacco p.l.c. $BTI Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 46.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Cornerstone Planning Group LLC lifted its holdings in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of British American Tobacco in the 2nd quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco during the 4th quarter valued at approximately $42,000. Binnacle Investments Inc lifted its stake in British American Tobacco by 163.2% during the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 465 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in British American Tobacco by 100.0% in the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after purchasing an additional 391 shares during the period. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

British American Tobacco Price Performance

BTI stock opened at $64.01 on Thursday. The firm’s 50-day moving average is $59.84 and its two-hundred day moving average is $58.75. British American Tobacco p.l.c. has a 52 week low of $44.58 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

About British American Tobacco

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.