Freestone Capital Holdings LLC Cuts Position in British American Tobacco p.l.c. (NYSE:BTI)

Freestone Capital Holdings LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,335 shares of the company’s stock after selling 1,296 shares during the period. Freestone Capital Holdings LLC’s holdings in British American Tobacco p.l.c. were worth $1,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust lifted its position in British American Tobacco p.l.c. by 50.2% during the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after acquiring an additional 688 shares during the period. Parallel Advisors LLC lifted its position in British American Tobacco p.l.c. by 439.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock valued at $157,000 after acquiring an additional 2,050 shares during the period. Huntington National Bank lifted its position in British American Tobacco p.l.c. by 41.1% during the 2nd quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after acquiring an additional 788 shares during the period. First Personal Financial Services lifted its position in British American Tobacco p.l.c. by 211.5% during the 2nd quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock valued at $200,000 after acquiring an additional 1,986 shares during the period. Finally, Aviance Capital Partners LLC purchased a new position in British American Tobacco p.l.c. during the 2nd quarter valued at about $214,000. 4.65% of the stock is owned by institutional investors.

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Shares of British American Tobacco p.l.c. (NYSE BTI) traded up 1.71% during mid-day trading on Friday, hitting $64.07. 392,067 shares of the stock were exchanged. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41. The stock has a 50-day moving average price of $63.17 and a 200 day moving average price of $66.83. The firm has a market cap of $119.04 billion, a price-to-earnings ratio of 21.81 and a beta of 1.05.

The business also recently disclosed a None dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, August 18th will be given a $0.728 dividend. This represents a dividend yield of 2.28%. The ex-dividend date is Wednesday, August 16th.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Monday, August 28th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday, August 11th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, UBS AG restated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.00.

British American Tobacco p.l.c. Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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