Congress Park Capital LLC Sells 3,400 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Congress Park Capital LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,475 shares of the company’s stock after selling 3,400 shares during the quarter. Congress Park Capital LLC’s holdings in British American Tobacco were worth $566,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital World Investors boosted its stake in British American Tobacco by 0.4% in the 1st quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after purchasing an additional 13,643 shares during the period. Natixis Advisors LLC raised its holdings in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after acquiring an additional 614,634 shares in the last quarter. Raymond James & Associates raised its holdings in British American Tobacco by 1.9% in the 2nd quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock valued at $70,513,000 after acquiring an additional 43,006 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in British American Tobacco by 7.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock valued at $24,109,000 after acquiring an additional 57,016 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in British American Tobacco by 25.0% in the 1st quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock valued at $14,887,000 after acquiring an additional 97,556 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

British American Tobacco Stock Performance

British American Tobacco stock traded down $0.07 during trading hours on Friday, hitting $35.04. The stock had a trading volume of 1,271,721 shares, compared to its average volume of 4,829,331. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The business’s 50 day simple moving average is $36.94 and its 200-day simple moving average is $33.10.

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.