CIBC Asset Management Inc Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

CIBC Asset Management Inc decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 50,607 shares of the company’s stock after selling 2,699 shares during the period. CIBC Asset Management Inc’s holdings in British American Tobacco were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of BTI. Capital Research Global Investors raised its position in British American Tobacco by 38.5% in the 4th quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after purchasing an additional 4,259,548 shares during the last quarter. Prevatt Capital Ltd acquired a new position in British American Tobacco in the 4th quarter valued at $23,432,000. Natixis Advisors LLC increased its stake in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after buying an additional 614,634 shares during the period. Gateway Investment Advisers LLC increased its stake in British American Tobacco by 384.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock valued at $10,114,000 after buying an additional 259,509 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in British American Tobacco by 42.5% in the 1st quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after buying an additional 215,305 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI opened at $38.62 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The company’s fifty day moving average is $34.90 and its two-hundred day moving average is $31.92. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $38.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

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.