British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 669,101 shares of the company’s stock after selling 3,122 shares during the quarter. British American Tobacco accounts for about 4.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 5th biggest position. Euro Pacific Asset Management LLC’s holdings in British American Tobacco were worth $24,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BTI. O Brien Greene & Co. Inc lifted its position in shares of British American Tobacco by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock valued at $529,000 after acquiring an additional 289 shares in the last quarter. Grove Bank & Trust lifted its stake in British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after acquiring an additional 314 shares in the last quarter. 1832 Asset Management L.P. boosted its position in British American Tobacco by 4.2% during the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after acquiring an additional 363 shares during the period. Greenleaf Trust grew its stake in British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after acquiring an additional 376 shares in the last quarter. Finally, MADDEN SECURITIES Corp lifted its position in shares of British American Tobacco by 1.3% in the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock worth $1,132,000 after purchasing an additional 400 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 2.6 %

NYSE BTI opened at $36.40 on Friday. The company has a 50 day moving average price of $36.16 and a two-hundred day moving average price of $34.11. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note 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 report 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.