First City Capital Management Inc. Sells 300 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First City Capital Management Inc. decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,590 shares of the company’s stock after selling 300 shares during the period. First City Capital Management Inc.’s holdings in British American Tobacco were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in British American Tobacco in the fourth quarter valued at about $34,000. Addison Advisors LLC grew its stake in shares of 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 acquiring an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of British American Tobacco by 320.9% during the third 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 last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Up 1.2 %

NYSE:BTI traded up $0.43 during trading hours on Friday, hitting $36.97. The company had a trading volume of 1,144,593 shares, compared to its average volume of 1,759,222. 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 company has a 50-day moving average of $36.49 and a 200 day moving average of $35.63. The company has a market cap of $76.88 billion, a P/E ratio of 7.72 and a beta of 0.53. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BTI. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

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.