Pathway Financial Advisers LLC Sells 55,606 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Pathway Financial Advisers LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 97.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,588 shares of the company’s stock after selling 55,606 shares during the quarter. Pathway Financial Advisers LLC’s holdings in British American Tobacco were worth $58,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in British American Tobacco by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,073 shares of the company’s stock valued at $770,000 after buying an additional 1,409 shares during the period. Edmp Inc. purchased a new position in British American Tobacco during the 4th quarter worth $219,000. MADDEN SECURITIES Corp lifted its holdings in shares of British American Tobacco by 10.9% in the 4th quarter. MADDEN SECURITIES Corp now owns 34,310 shares of the company’s stock worth $1,246,000 after buying an additional 3,375 shares during the period. Arlington Partners LLC lifted its stake in British American Tobacco by 4.0% in the fourth quarter. Arlington Partners LLC now owns 120,492 shares of the company’s stock worth $4,376,000 after acquiring an additional 4,610 shares during the period. Finally, MBA Advisors LLC purchased a new position in British American Tobacco during the 4th quarter valued at about $205,000. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Stock Down 7.4 %

Shares of BTI stock opened at $39.58 on Friday. The stock’s fifty day moving average price is $37.78 and its 200 day moving average price is $36.91. 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 p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74.

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.