British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,945 shares of the company’s stock after selling 10,322 shares during the quarter. AdvisorNet Financial Inc’s holdings in British American Tobacco were worth $1,887,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of British American Tobacco in the 4th quarter valued at $34,000. ORG Partners LLC increased its stake in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the period. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the fourth quarter valued at approximately $44,000. Creative Financial Designs Inc. ADV grew its holdings in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of BTI opened at $35.74 on Wednesday. The firm has a market capitalization of $78.97 billion, a price-to-earnings ratio of 7.46 and a beta of 0.52. The firm’s fifty day simple moving average is $36.74 and its 200-day simple moving average is $35.96. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTI. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, 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 research note on Thursday, October 3rd.

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.