Zions Bancorporation N.A. Sells 2,448 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Zions Bancorporation N.A. decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,380 shares of the company’s stock after selling 2,448 shares during the period. Zions Bancorporation N.A.’s holdings in British American Tobacco were worth $3,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors raised its position 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 worth $117,009,000 after purchasing an additional 13,643 shares during the period. Natixis Advisors LLC lifted its stake in shares of British American Tobacco by 29.9% during the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after acquiring an additional 614,634 shares during the last quarter. Raymond James & Associates boosted its holdings in British American Tobacco by 1.9% during 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 during the period. First Eagle Investment Management LLC grew its position 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 during the last quarter. Finally, Osaic Holdings Inc. increased its stake in British American Tobacco by 25.0% in the first quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock worth $14,887,000 after purchasing an additional 97,556 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 0.5 %

Shares of BTI stock opened at $35.42 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The stock has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $34.05.

Analysts Set New Price Targets

BTI has been the subject of a number of recent analyst reports. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd.

About British American Tobacco

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.