First County Bank CT reduced its position in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 15.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,452 shares of the company’s stock after selling 4,749 shares during the period. First County Bank CT’s holdings in British American Tobacco were worth $968,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC boosted its stake in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of British American Tobacco in the 1st quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after purchasing an additional 1,351 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.
Wall Street Analyst Weigh In
BTI has been the topic of several analyst reports. Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Thursday, October 3rd. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.
British American Tobacco Trading Down 0.2 %
Shares of BTI stock opened at $37.00 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The firm has a fifty day moving average of $35.98 and a 200-day moving average of $34.31.
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.
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