Flagship Harbor Advisors LLC Trims Stake in British American Tobacco p.l.c. (NYSE:BTI)

Flagship Harbor Advisors LLC lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 32,500 shares of the company’s stock after selling 5,480 shares during the period. Flagship Harbor Advisors LLC’s holdings in British American Tobacco were worth $1,180,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BTI. Oppenheimer Asset Management Inc. increased its holdings in British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares in the last quarter. Bank of Montreal Can raised its position in shares of British American Tobacco by 26.2% during the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares in the last quarter. Cerity Partners LLC increased its stake in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after buying an additional 31,250 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after acquiring an additional 554,491 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the subject of several research analyst reports. 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 report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Trading Up 2.4 %

NYSE BTI opened at $37.93 on Monday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The business has a 50 day simple moving average of $36.91 and a two-hundred day simple moving average of $36.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

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.