British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 23.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,805 shares of the company’s stock after selling 3,235 shares during the period. SG Americas Securities LLC’s holdings in British American Tobacco were worth $456,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of British American Tobacco by 4.1% during the 1st quarter. Fifth Third Bancorp now owns 29,030 shares of the company’s stock valued at $1,224,000 after acquiring an additional 1,155 shares during the period. Exane Derivatives acquired a new stake in shares of British American Tobacco during the 1st quarter valued at about $261,000. Sigma Planning Corp grew its position in shares of British American Tobacco by 68.7% during the 4th quarter. Sigma Planning Corp now owns 18,610 shares of the company’s stock valued at $696,000 after acquiring an additional 7,579 shares during the period. Advisor Group Holdings Inc. lifted its stake in British American Tobacco by 50.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 327,639 shares of the company’s stock valued at $12,258,000 after buying an additional 109,887 shares in the last quarter. Finally, Blair William & Co. IL purchased a new position in British American Tobacco in the 4th quarter valued at about $527,000. 13.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of British American Tobacco from GBX 3,600 ($44.11) to GBX 3,800 ($46.56) in a research note on Tuesday, May 31st. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Morgan Stanley raised their price target on shares of British American Tobacco from GBX 3,780 ($46.32) to GBX 4,000 ($49.01) in a research note on Tuesday, July 5th. Finally, Barclays raised their price target on shares of British American Tobacco from GBX 4,200 ($51.46) to GBX 4,400 ($53.91) in a research note on Tuesday, June 7th.

British American Tobacco Stock Up 0.5 %

BTI opened at $39.29 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52. The company’s 50 day simple moving average is $42.12 and its two-hundred day simple moving average is $42.66. British American Tobacco p.l.c. has a 1-year low of $33.62 and a 1-year high of $47.24.

About British American Tobacco

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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