British American Tobacco p.l.c. (NYSE:BTI) Stake Lessened by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,447 shares of the company’s stock after selling 18,716 shares during the period. Sanctuary Advisors LLC’s holdings in British American Tobacco were worth $3,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BTI. Stock Yards Bank & Trust Co. bought a new stake in shares of British American Tobacco in the 3rd quarter worth $219,000. Sculati Wealth Management LLC raised its position in British American Tobacco by 52.1% in the third quarter. Sculati Wealth Management LLC now owns 19,490 shares of the company’s stock worth $713,000 after acquiring an additional 6,680 shares in the last quarter. Virtu Financial LLC acquired a new stake in British American Tobacco in the 3rd quarter valued at about $3,742,000. Bard Financial Services Inc. boosted its position in shares of British American Tobacco by 49.5% during the 3rd quarter. Bard Financial Services Inc. now owns 94,209 shares of the company’s stock valued at $3,446,000 after purchasing an additional 31,174 shares in the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of British American Tobacco by 614.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,173 shares of the company’s stock worth $79,000 after purchasing an additional 1,869 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI opened at $37.64 on Tuesday. 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 stock has a market cap of $78.26 billion, a price-to-earnings ratio of 7.86 and a beta of 0.53. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company has a 50-day moving average of $36.13 and a two-hundred day moving average of $35.18.

Analysts Set New Price Targets

A number of analysts recently weighed in on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research 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.