British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 7.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 38,870 shares of the company’s stock after selling 3,097 shares during the period. Advisors Asset Management Inc.’s holdings in British American Tobacco were worth $1,422,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. O Brien Greene & Co. Inc lifted its position in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after purchasing an additional 289 shares in the last quarter. First City Capital Management Inc. lifted its holdings in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust grew its stake in shares of British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after acquiring an additional 314 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of British American Tobacco by 4.2% during the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after acquiring an additional 363 shares during the period. Finally, Greenleaf Trust raised its stake in shares of British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

BTI has been the topic of several recent research reports. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Trading Down 0.1 %

Shares of British American Tobacco stock opened at $37.35 on Tuesday. The company has a fifty day simple moving average of $35.91 and a 200-day simple moving average of $34.48. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

British American Tobacco Company 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.