Barclays PLC Sells 1,509,637 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Barclays PLC decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 93.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,091 shares of the company's stock after selling 1,509,637 shares during the period. Barclays PLC's holdings in British American Tobacco were worth $4,137,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Addison Advisors LLC lifted its holdings in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock worth $38,000 after purchasing an additional 545 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of British American Tobacco by 153.7% in the 3rd 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 period. Continuum Advisory LLC boosted its holdings in shares of British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company's stock valued at $48,000 after acquiring an additional 748 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in 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 purchasing an additional 1,351 shares in the last quarter. Finally, City State Bank lifted its position in British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company's stock worth $70,000 after purchasing an additional 400 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research reports. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Finally, Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.

British American Tobacco Trading Down 1.0 %

Shares of BTI traded down $0.35 during midday trading on Monday, hitting $35.89. The stock had a trading volume of 955,781 shares, compared to its average volume of 4,691,618. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The business has a 50-day simple moving average of $36.26 and a two-hundred day simple moving average of $35.31. 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 firm has a market cap of $74.63 billion, a P/E ratio of 7.49 and a beta of 0.53.

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.