British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 8.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 579,100 shares of the company's stock after selling 50,819 shares during the period. Stifel Financial Corp's holdings in British American Tobacco were worth $21,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC grew its position in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock valued at $259,914,000 after buying an additional 2,868,675 shares during the period. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco during the 3rd quarter valued at about $27,118,000. Natixis Advisors LLC increased its stake in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock valued at $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Kize Capital LP purchased a new position in British American Tobacco during the second quarter worth approximately $10,826,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded down $0.13 during mid-day trading on Tuesday, reaching $37.73. 1,740,701 shares of the stock traded hands, compared to its average volume of 4,747,486. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business has a 50-day moving average of $35.93 and a 200 day moving average of $34.93. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Analysts Set New Price Targets

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

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.