Altrius Capital Management Inc Sells 7,985 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Altrius Capital Management Inc lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,691 shares of the company’s stock after selling 7,985 shares during the period. British American Tobacco accounts for approximately 2.2% of Altrius Capital Management Inc’s investment portfolio, making the stock its 6th biggest holding. Altrius Capital Management Inc’s holdings in British American Tobacco were worth $8,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. Allspring Global Investments Holdings LLC increased its position in British American Tobacco by 109.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock worth $389,000 after buying an additional 6,660 shares during the period. BNP Paribas Financial Markets increased its position in British American Tobacco by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after buying an additional 5,068 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of British American Tobacco by 14.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,589 shares of the company’s stock valued at $475,000 after purchasing an additional 1,999 shares during the last quarter. Sei Investments Co. grew its stake in shares of British American Tobacco by 7.0% in the 1st quarter. Sei Investments Co. now owns 176,387 shares of the company’s stock valued at $5,381,000 after purchasing an additional 11,546 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BTI. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

BTI traded up $0.71 on Friday, reaching $36.20. The company’s stock had a trading volume of 1,150,229 shares, compared to its average volume of 4,764,016. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year 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. The business’s 50 day moving average is $36.20 and its 200 day moving average is $34.06.

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.