First Heartland Consultants Inc. Sells 132,794 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First Heartland Consultants Inc. decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 84.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,305 shares of the company's stock after selling 132,794 shares during the period. First Heartland Consultants Inc.'s holdings in British American Tobacco were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of British American Tobacco by 109.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company's stock valued at $389,000 after acquiring an additional 6,660 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in British American Tobacco by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company's stock valued at $466,000 after buying an additional 5,068 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in British American Tobacco by 14.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,589 shares of the company's stock worth $475,000 after acquiring an additional 1,999 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of British American Tobacco during the 1st quarter valued at approximately $328,000. Finally, Sei Investments Co. grew its holdings in shares of British American Tobacco by 7.0% in the first quarter. Sei Investments Co. now owns 176,387 shares of the company's stock valued at $5,381,000 after purchasing an additional 11,546 shares in the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 0.2 %

Shares of BTI traded up $0.09 during mid-day trading on Tuesday, reaching $35.24. 3,274,334 shares of the company's stock traded hands, compared to its average volume of 4,780,989. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. 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 stock's 50-day moving average is $36.37 and its two-hundred day moving average is $34.00.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BTI. Morgan Stanley cut shares of 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. Barclays raised British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, StockNews.com lowered British American Tobacco from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 11th.

British American Tobacco Company 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.