Prosperity Consulting Group LLC Has $2.33 Million Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Prosperity Consulting Group LLC lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 37.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,154 shares of the company’s stock after selling 44,512 shares during the period. Prosperity Consulting Group LLC’s holdings in British American Tobacco were worth $2,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco in the fourth quarter worth $26,000. Cape Investment Advisory Inc. grew its stake in shares of British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 510 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of British American Tobacco by 83.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after acquiring an additional 550 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

BTI opened at $39.16 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.25. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $35.68 and its two-hundred day moving average price is $32.22.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 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.