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

NBC Securities Inc. decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,663 shares of the company’s stock after selling 369 shares during the quarter. NBC Securities Inc.’s holdings in British American Tobacco were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Creative Planning boosted its holdings in British American Tobacco by 32.9% in the 3rd quarter. Creative Planning now owns 143,916 shares of the company’s stock valued at $5,264,000 after purchasing an additional 35,661 shares during the last quarter. Grove Bank & Trust lifted its holdings in British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after acquiring an additional 314 shares during the last quarter. City State Bank increased its stake in British American Tobacco by 26.6% during the third quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after acquiring an additional 400 shares during the last quarter. Ritholtz Wealth Management raised its position in British American Tobacco by 27.0% in the third quarter. Ritholtz Wealth Management now owns 155,821 shares of the company’s stock valued at $5,700,000 after purchasing an additional 33,156 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in shares of British American Tobacco by 34.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 20,621 shares of the company’s stock worth $754,000 after purchasing an additional 5,308 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $34.50 on Monday. The stock has a market capitalization of $76.63 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. 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 business has a 50-day moving average of $36.90 and a 200 day moving average of $33.35. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

Wall Street Analyst Weigh In

BTI has been the topic of several research analyst reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd.

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.