Barclays PLC trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 93.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,091 shares of the company’s stock after selling 1,509,637 shares during the period. Barclays PLC’s holdings in British American Tobacco were worth $4,137,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its position in 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 during the period. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco in the third quarter worth about $28,183,000. MML Investors Services LLC grew its position in British American Tobacco by 8.8% in the 3rd quarter. MML Investors Services LLC now owns 116,443 shares of the company’s stock valued at $4,260,000 after buying an additional 9,447 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in British American Tobacco by 9.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 62,992 shares of the company’s stock valued at $2,304,000 after buying an additional 5,264 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $4,671,000. Institutional investors own 16.16% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on BTI. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd.
British American Tobacco Trading Down 1.7 %
Shares of NYSE:BTI opened at $36.24 on Monday. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 7.57 and a beta of 0.53. 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 50 day moving average price of $36.26 and a 200 day moving average price of $35.31. 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.
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