First County Bank CT Sells 13,296 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First County Bank CT reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 50.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,156 shares of the company’s stock after selling 13,296 shares during the period. First County Bank CT’s holdings in British American Tobacco were worth $478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTI. O Brien Greene & Co. Inc boosted its holdings 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 worth $529,000 after purchasing an additional 289 shares in the last quarter. First City Capital Management Inc. boosted its stake in British American Tobacco by 2.8% in the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust raised its stake in shares of British American Tobacco by 11.0% during the third 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. Greenleaf Trust lifted its holdings in shares of British American Tobacco by 1.8% in the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after acquiring an additional 376 shares during the last quarter. Finally, MADDEN SECURITIES Corp boosted its stake in shares of British American Tobacco by 1.3% in the 3rd quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock valued at $1,132,000 after purchasing an additional 400 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

British American Tobacco Trading Down 0.2 %

BTI traded down $0.09 during midday trading on Tuesday, reaching $36.88. 1,952,482 shares of the company’s stock traded hands, compared to its average volume of 2,341,753. The stock has a market capitalization of $81.49 billion, a price-to-earnings ratio of 7.70 and a beta of 0.52. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The firm has a fifty day moving average of $36.58 and a two-hundred day moving average of $35.77. 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.