seguito is a word that can have two different meanings:
1) "séguito" (with the stress on the "e") it's a noun and it means entourage, following. E.g. il seguito del Re, the king's entourage.
2) seguito (with the stress on the "i") it's the past participle of the verb "seguire", to follow, to come after. e.g. "Il Re seguiva il consiglio" the King followed the suggestion; "il Re segue il cane", the King follows the dog. in the italian language you may find words with more than one pronunciation, they are not very common and usually you can understand which one is the right one.
PS: 3) seguitò (stress is on the "o") it's the perfect past of "seguitare"; it means to continue, to persist, to carry on, and is no longer used in modern italian, still I heard it a couple of times in Tuscany.
You can form tongue-twister sentences ;-)
"Il Re seguitava a seguire il suo seguito" The King continued to follow his entourage.