British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Sterling Investment Management LLC

Sterling Investment Management LLC decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,445 shares of the company’s stock after selling 367 shares during the quarter. Sterling Investment Management LLC’s holdings in British American Tobacco were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in shares of British American Tobacco during the 4th quarter worth $34,000. ORG Partners LLC boosted its holdings in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $44,000. Creative Financial Designs Inc. ADV lifted its holdings in British American Tobacco by 153.7% in 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. Finally, Continuum Advisory LLC raised its position in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after purchasing an additional 748 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 1.3 %

Shares of BTI stock opened at $36.76 on Wednesday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company has a 50 day moving average price of $36.79 and a 200 day moving average price of $36.09.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research report on Thursday, October 3rd. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

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.