British American Tobacco p.l.c. (NYSE:BTI) Stock Position Decreased by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,537 shares of the company’s stock after selling 561 shares during the period. Moors & Cabot Inc.’s holdings in British American Tobacco were worth $2,983,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after purchasing an additional 1,590 shares during the last quarter. Pitcairn Co. acquired a new position in shares of British American Tobacco during the first quarter worth approximately $201,000. Freestone Capital Holdings LLC acquired a new position in shares of British American Tobacco during the first quarter worth approximately $330,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of British American Tobacco during the first quarter worth approximately $202,000. Finally, Capital International Inc. CA lifted its holdings in shares of British American Tobacco by 16.2% during the first quarter. Capital International Inc. CA now owns 93,778 shares of the company’s stock worth $2,860,000 after buying an additional 13,073 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Trading Up 0.4 %

NYSE:BTI opened at $37.08 on Thursday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The business’s 50-day moving average price is $36.02 and its two-hundred day moving average price is $34.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

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.