British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,590 shares of the company’s stock after selling 1,000 shares during the quarter. First City Capital Management Inc.’s holdings in British American Tobacco were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BTI. O Brien Greene & Co. Inc increased its position in British American Tobacco by 1.7% during the 2nd 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. 1832 Asset Management L.P. raised its position in shares of British American Tobacco by 4.2% in the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after buying an additional 363 shares during the last quarter. Gallacher Capital Management LLC lifted its stake in shares of British American Tobacco by 3.8% during the first quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after buying an additional 402 shares during the period. Dearborn Partners LLC grew its stake in British American Tobacco by 5.0% in the 1st quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock worth $270,000 after acquiring an additional 425 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in British American Tobacco by 6.3% in the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after acquiring an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Trading Down 0.3 %

Shares of BTI stock opened at $37.44 on Friday. 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 simple moving average is $36.28 and its 200-day simple moving average is $32.53. The firm has a market cap of $83.16 billion, a P/E ratio of 7.74, a PEG ratio of 2.04 and a beta of 0.52. 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 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.