Zions Bancorporation N.A. Cuts Position in British American Tobacco p.l.c. (NYSE:BTI)

Zions Bancorporation N.A. lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,380 shares of the company’s stock after selling 2,448 shares during the quarter. Zions Bancorporation N.A.’s holdings in British American Tobacco were worth $3,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after acquiring an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the period. Pathway Financial Advisers LLC acquired a new stake in British American Tobacco in the 1st quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

British American Tobacco stock opened at $35.42 on Thursday. The stock’s fifty day simple moving average is $36.26 and its 200-day simple moving average is $34.05. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

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.