British American Tobacco (NYSE:BTI) Lowered to Underweight at Morgan Stanley

British American Tobacco (NYSE:BTI) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “underweight” rating in a report released on Thursday, Marketbeat reports. They presently have a $33.00 price objective on the stock. Morgan Stanley’s target price would suggest a potential downside of 6.48% from the company’s previous close.

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Stock Performance

Shares of BTI opened at $35.29 on Thursday. British American Tobacco has a 12 month low of $28.25 and a 12 month high of $39.54. The stock has a fifty day moving average price of $36.97 and a 200-day moving average price of $32.97. 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 has a market cap of $78.37 billion, a PE ratio of 7.29, a P/E/G ratio of 1.98 and a beta of 0.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BTI. O Brien Greene & Co. Inc increased its position in shares of 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 period. 1832 Asset Management L.P. raised its stake in shares of 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 purchasing an additional 363 shares during the last quarter. Gallacher Capital Management LLC boosted its position in 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 during the last quarter. Dearborn Partners LLC increased its holdings in British American Tobacco by 5.0% in the 1st quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock worth $270,000 after buying an additional 425 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in 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 valued at $238,000 after acquiring an additional 465 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

About British American Tobacco

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.