British American Tobacco (NYSE:BTI) Stock Price Down 2.3%

Shares of British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) dropped 2.3% during trading on Tuesday . The stock traded as low as $38.43 and last traded at $38.44. Approximately 877,913 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,826,324 shares. The stock had previously closed at $39.36.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th.

British American Tobacco Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business has a 50 day moving average of $35.96 and a 200 day moving average of $32.38.

Hedge Funds Weigh In On British American Tobacco

Institutional investors have recently bought and sold shares of the business. Capital Research Global Investors boosted its holdings in shares of British American Tobacco by 38.5% in the 4th quarter. Capital Research Global Investors now owns 15,316,688 shares of the company's stock worth $448,625,000 after purchasing an additional 4,259,548 shares during the period. Prevatt Capital Ltd bought a new position in British American Tobacco during the fourth quarter valued at $23,432,000. Natixis Advisors LLC lifted its holdings in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock worth $82,501,000 after acquiring an additional 614,634 shares during the last quarter. Kize Capital LP purchased a new position in shares of British American Tobacco during the 2nd quarter worth about $10,826,000. Finally, Gateway Investment Advisers LLC grew its holdings in British American Tobacco by 384.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company's stock valued at $10,114,000 after purchasing an additional 259,509 shares during the last quarter. Institutional investors own 21.44% of the company's stock.

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.