British American Tobacco (NYSE:BTI) Downgraded by Morgan Stanley

by · The Markets Daily

Morgan Stanley downgraded shares of British American Tobacco (NYSE:BTI – Free Report) from an overweight rating to an underweight rating in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have $33.00 price objective on the stock.

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

Read Our Latest Stock Report on BTI

British American Tobacco Stock Up 0.5 %

British American Tobacco stock opened at $35.29 on Thursday. British American Tobacco has a 52 week low of $28.25 and a 52 week high of $39.54. The stock has a market cap of $78.38 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 1.98 and a beta of 0.52. The company’s 50-day moving average price is $36.97 and its two-hundred day moving average price is $33.00. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTI. O Brien Greene & Co. Inc lifted its holdings in British American Tobacco by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock valued at $529,000 after acquiring an additional 289 shares during the last quarter. 1832 Asset Management L.P. grew its position in British American Tobacco by 4.2% in the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after buying an additional 363 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of British American Tobacco by 3.8% in the first quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after buying an additional 402 shares in the last quarter. Dearborn Partners LLC lifted its position in shares of British American Tobacco by 5.0% during the 1st quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after acquiring an additional 425 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of British American Tobacco by 6.3% during the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock worth $238,000 after acquiring an additional 465 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

About British American Tobacco

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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.

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