D.A. Davidson & CO. Sells 393 Shares of British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,471 shares of the company’s stock after selling 393 shares during the period. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares during the period. Bank of Montreal Can raised its holdings in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after buying an additional 23,626 shares during the last quarter. Atria Investments Inc lifted its stake in shares of British American Tobacco by 19.5% in the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after buying an additional 12,150 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings 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 worth $85,000 after acquiring an additional 1,590 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

British American Tobacco stock opened at $37.94 on Friday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The company’s 50 day moving average price is $35.92 and its two-hundred day moving average price is $34.65. The stock has a market cap of $78.90 billion, a P/E ratio of 7.99 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Analyst Ratings Changes

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