Viking Fund Management LLC Sells 23,000 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Viking Fund Management LLC lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 157,500 shares of the company’s stock after selling 23,000 shares during the period. Viking Fund Management LLC’s holdings in British American Tobacco were worth $5,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in shares of British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the period. Mather Group LLC. grew its position in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC raised its holdings in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares during the period. Pathway Financial Advisers LLC purchased a new position in British American Tobacco in the first quarter valued at approximately $46,000. Finally, City State Bank increased its position in British American Tobacco by 5,016.7% in the first quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after buying an additional 1,505 shares during the last quarter. 21.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BTI. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

British American Tobacco Price Performance

BTI stock traded up $0.07 during trading on Friday, hitting $35.18. 3,653,274 shares of the stock traded hands, compared to its average volume of 4,840,867. 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 p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm’s 50 day moving average is $36.91 and its two-hundred day moving average is $33.16.

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.