First County Bank CT Sells 13,296 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First County Bank CT lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 50.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,156 shares of the company’s stock after selling 13,296 shares during the period. First County Bank CT’s holdings in British American Tobacco were worth $478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in British American Tobacco in the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV grew its stake in shares of British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the period. Continuum Advisory LLC increased its holdings in British American Tobacco by 122.8% in 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 during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in British American Tobacco by 320.9% during 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 last quarter. Finally, City State Bank boosted its position in British American Tobacco by 26.6% during the third quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BTI has been the topic of a number of recent research reports. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note 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 downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of BTI traded down $0.09 during mid-day trading on Tuesday, reaching $36.88. 1,952,482 shares of the stock traded hands, compared to its average volume of 2,341,753. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The company has a market cap of $81.49 billion, a price-to-earnings ratio of 7.70 and a beta of 0.52. The firm has a fifty day moving average price of $36.58 and a 200 day moving average price of $35.77.

British American Tobacco Company 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.