British American Tobacco p.l.c. (NYSE:BTI) Stake Trimmed by First Heartland Consultants Inc.

First Heartland Consultants Inc. lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 84.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,305 shares of the company’s stock after selling 132,794 shares during the period. First Heartland Consultants Inc.’s holdings in British American Tobacco were worth $889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. increased its position in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC boosted its position in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares during the period. Creative Financial Designs Inc. ADV raised its position 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 during the period. Pathway Financial Advisers LLC bought a new stake in shares of British American Tobacco during the 1st quarter worth $46,000. Finally, Bruce G. Allen Investments LLC raised its holdings in British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after acquiring an additional 1,351 shares during the period. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd.

British American Tobacco Stock Performance

NYSE:BTI traded down $0.03 during trading hours on Tuesday, reaching $35.12. The company had a trading volume of 1,025,118 shares, compared to its average volume of 4,773,210. The stock has a 50-day moving average of $36.37 and a two-hundred day moving average of $34.00. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

British American Tobacco Company 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.