British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 93.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,091 shares of the company’s stock after selling 1,509,637 shares during the quarter. Barclays PLC’s holdings in British American Tobacco were worth $4,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. FMR LLC raised its position in shares of British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC raised its holdings in British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after acquiring an additional 206,117 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in British American Tobacco by 7.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock valued at $24,109,000 after acquiring an additional 57,016 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in British American Tobacco during the 3rd quarter worth $28,183,000. Finally, Bridgewater Associates LP bought a new stake in shares of British American Tobacco in the 3rd quarter worth about $27,118,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BTI shares. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $36.24 on Monday. The stock has a market capitalization of $75.36 billion, a P/E ratio of 7.57 and a beta of 0.53. The firm’s 50-day moving average price is $36.26 and its two-hundred day moving average price is $35.31. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

About British American Tobacco

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.