D.A. Davidson & CO. Sells 393 Shares of British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. lessened its position in British American Tobacco p.l.c. (NYSE:BTI) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,471 shares of the company’s stock after selling 393 shares during the period. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,663,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTI. Mather Group LLC. raised its holdings in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC increased its position in British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of British American Tobacco by 320.9% during the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after purchasing an additional 1,351 shares during the period. Finally, City State Bank increased its holdings in British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the period. 21.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $37.94 on Friday. 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 debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business’s 50-day moving average is $35.92 and its 200-day moving average is $34.65. The company has a market capitalization of $78.90 billion, a price-to-earnings ratio of 7.99 and a beta of 0.53.

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.