B. Riley Wealth Advisors Inc. Sells 16,601 Shares of British American Tobacco p.l.c. (NYSE:BTI)

B. Riley Wealth Advisors Inc. decreased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 67.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,179 shares of the company's stock after selling 16,601 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in British American Tobacco were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Natixis Advisors LLC boosted its holdings in shares of British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock worth $105,111,000 after buying an additional 206,117 shares during the last quarter. First Eagle Investment Management LLC grew its position in British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company's stock valued at $24,109,000 after buying an additional 57,016 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in British American Tobacco during the third quarter worth about $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco in the third quarter worth about $27,118,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTI. StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Barclays upgraded British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, 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 report on Thursday, October 3rd.

British American Tobacco Stock Performance

Shares of NYSE BTI traded down $0.63 during mid-day trading on Friday, hitting $36.24. The company had a trading volume of 5,472,707 shares, compared to its average volume of 4,707,269. The stock's 50-day moving average price is $36.26 and its 200-day moving average price is $35.31. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 7.57 and a beta of 0.53. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

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.