British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,945 shares of the company’s stock after selling 10,322 shares during the period. AdvisorNet Financial Inc’s holdings in British American Tobacco were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in British American Tobacco during the third quarter worth about $28,183,000. Bridgewater Associates LP purchased a new stake in British American Tobacco during the 3rd quarter valued at about $27,118,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Kize Capital LP acquired a new position in shares of British American Tobacco during the 2nd quarter worth approximately $10,826,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BTI shares. Morgan Stanley downgraded 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. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

BTI stock opened at $35.74 on Wednesday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $78.97 billion, a price-to-earnings ratio of 7.46 and a beta of 0.52. The business has a fifty day moving average of $36.74 and a two-hundred day moving average of $35.96.

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.