Goldman Sachs Group Inc. Sells 593,973 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Goldman Sachs Group Inc. cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,717,205 shares of the company’s stock after selling 593,973 shares during the quarter. Goldman Sachs Group Inc. owned 0.07% of British American Tobacco worth $50,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake in British American Tobacco by 308.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after buying an additional 710 shares in the last quarter. HBC Financial Services PLLC bought a new stake in British American Tobacco in the 4th quarter valued at $29,000. CoreFirst Bank & Trust raised its stake in shares of British American Tobacco by 297.1% in the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after buying an additional 707 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 510 shares during the period. 21.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

British American Tobacco Price Performance

British American Tobacco stock opened at $31.12 on Thursday. The stock has a fifty day moving average price of $30.29 and a two-hundred day moving average price of $30.07. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $34.28. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67.

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.