Cibc World Market Inc. Trims Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Cibc World Market Inc. cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 615,407 shares of the company’s stock after selling 33,307 shares during the period. Cibc World Market Inc.’s holdings in British American Tobacco were worth $22,352,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BTI. FMR LLC boosted its holdings in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Public Employees Retirement System of Ohio bought a new position in British American Tobacco in the 3rd quarter worth about $28,183,000. Bridgewater Associates LP purchased a new position in British American Tobacco during the 3rd quarter valued at about $27,118,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of British American Tobacco by 129.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company’s stock valued at $14,117,000 after acquiring an additional 218,000 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 0.1 %

British American Tobacco stock opened at $39.64 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.85. The firm’s fifty day moving average price is $37.11 and its 200-day moving average price is $36.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BTI. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.