Cibc World Market Inc. Has $22.35 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Cibc World Market Inc. trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 615,407 shares of the company's stock after selling 33,307 shares during the period. Cibc World Market Inc.'s holdings in British American Tobacco were worth $22,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. Key Client Fiduciary Advisors LLC boosted its stake in British American Tobacco by 2.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock valued at $547,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC raised its position in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after buying an additional 299 shares during the last quarter. First City Capital Management Inc. lifted its stake in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock valued at $398,000 after acquiring an additional 300 shares in the last quarter. Grove Bank & Trust grew its stake in shares of British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock worth $116,000 after acquiring an additional 314 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company's stock valued at $776,000 after purchasing an additional 376 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Performance

Shares of BTI stock opened at $39.64 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.85. The firm's 50-day simple moving average is $37.11 and its two-hundred day simple moving average is $36.38.

Analyst Ratings Changes

A number of brokerages have issued reports on BTI. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. Barclays raised British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

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.

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