First City Capital Management Inc. Sells 300 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First City Capital Management Inc. lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,590 shares of the company’s stock after selling 300 shares during the period. First City Capital Management Inc.’s holdings in British American Tobacco were worth $385,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in British American Tobacco by 50.8% during the fourth quarter. GAMMA Investing LLC now owns 5,270 shares of the company’s stock valued at $191,000 after purchasing an additional 1,776 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $34,000. Garden State Investment Advisory Services LLC bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $286,000. Logan Capital Management Inc. raised its position in shares of British American Tobacco by 3.3% during the third quarter. Logan Capital Management Inc. now owns 127,404 shares of the company’s stock valued at $4,660,000 after buying an additional 4,120 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in British American Tobacco in the third quarter worth $260,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Trading Up 1.2 %

Shares of NYSE BTI traded up $0.43 during midday trading on Friday, hitting $36.97. The company’s stock had a trading volume of 1,144,593 shares, compared to its average volume of 1,759,222. The business’s 50 day moving average is $36.49 and its two-hundred day moving average is $35.63. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a market cap of $76.88 billion, a P/E ratio of 7.72 and a beta of 0.53. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-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.