TrueMark Investments LLC Sells 2,817 Shares of British American Tobacco p.l.c. (NYSE:BTI)

TrueMark Investments LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,508 shares of the company’s stock after selling 2,817 shares during the period. British American Tobacco comprises approximately 2.7% of TrueMark Investments LLC’s holdings, making the stock its 11th largest holding. TrueMark Investments LLC’s holdings in British American Tobacco were worth $2,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Range Financial Group LLC grew its stake in British American Tobacco by 41.4% in the first quarter. Range Financial Group LLC now owns 36,222 shares of the company’s stock valued at $1,105,000 after purchasing an additional 10,601 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in British American Tobacco by 3.6% in the first quarter. AdvisorNet Financial Inc now owns 57,109 shares of the company’s stock worth $1,742,000 after acquiring an additional 2,011 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of British American Tobacco during the first quarter worth about $210,000. City State Bank lifted its holdings in shares of British American Tobacco by 5,016.7% during the first quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after purchasing an additional 1,505 shares during the period. Finally, Sanders Morris Harris LLC acquired a new stake in shares of British American Tobacco during the first quarter worth about $346,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

British American Tobacco Trading Down 0.7 %

Shares of British American Tobacco stock traded down $0.23 on Tuesday, reaching $32.14. 7,327,550 shares of the stock were exchanged, compared to its average volume of 4,702,845. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $34.28. The business has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $30.12. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67.

British American Tobacco 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.