British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in British American Tobacco p.l.c. (NYSE:BTI) by 8.5% in the third quarter, HoldingsChannel reports. The fund owned 35,502 shares of the company’s stock after selling 3,291 shares during the period. Private Advisor Group LLC’s holdings in British American Tobacco were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after acquiring an additional 23,626 shares during the period. Atria Investments Inc increased its position in shares of British American Tobacco by 19.5% in the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after buying an additional 12,150 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after buying an additional 1,590 shares in the last quarter. Auxier Asset Management increased its position in shares of British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after buying an additional 25,800 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of British American Tobacco in the first quarter valued at approximately $732,000. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 1.8 %

Shares of BTI opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The stock has a 50 day moving average price of $36.63 and a 200 day moving average price of $33.63. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 7.24 and a beta of 0.52. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Thursday, October 3rd. Finally, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

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.