British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,582 shares of the company’s stock after selling 330 shares during the quarter. Griffin Asset Management Inc.’s holdings in British American Tobacco were worth $675,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BTI. Versant Capital Management Inc purchased a new position in British American Tobacco in the fourth quarter worth approximately $34,000. ORG Partners LLC lifted its position in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in British American Tobacco in the fourth quarter valued at $44,000. Creative Financial Designs Inc. ADV raised its stake 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 buying an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 1.1 %

BTI stock opened at $39.18 on Wednesday. The business has a 50 day simple moving average of $36.97 and a 200-day simple moving average of $36.29. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

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

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.