British American Tobacco p.l.c. $BTI Holdings Decreased by Ceera Investments LLC

Ceera Investments LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 40.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,575 shares of the company’s stock after selling 13,390 shares during the period. Ceera Investments LLC’s holdings in British American Tobacco were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC grew its stake in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after buying an additional 170 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in British American Tobacco by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock worth $283,000 after buying an additional 181 shares during the last quarter. NewEdge Wealth LLC grew its stake in British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after buying an additional 187 shares during the last quarter. Sage Rhino Capital LLC grew its stake in British American Tobacco by 3.2% during the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock worth $405,000 after buying an additional 219 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in British American Tobacco by 2.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock worth $612,000 after buying an additional 222 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Up 0.1%

Shares of BTI stock opened at $65.40 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $44.58 and a 1 year high of $67.30. The stock has a fifty day moving average of $59.68 and a two-hundred day moving average of $58.61.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.