British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,153 shares of the company's stock after selling 52,804 shares during the period. DAVENPORT & Co LLC's holdings in British American Tobacco were worth $805,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC boosted its stake in shares of British American Tobacco by 2.0% during the fourth 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 period. ORG Partners LLC boosted 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 period. First City Capital Management Inc. grew its stake in British American Tobacco by 2.8% in the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock worth $398,000 after acquiring an additional 300 shares in the last quarter. Grove Bank & Trust increased its position in shares of British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock worth $116,000 after acquiring an additional 314 shares during the period. Finally, Greenleaf Trust boosted 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 period. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Performance

NYSE BTI traded up $0.55 during midday trading on Monday, hitting $42.31. 4,792,293 shares of the company traded hands, compared to its average volume of 4,375,100. 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 $42.31. The company's 50-day simple moving average is $37.47 and its 200-day simple moving average is $36.76.

Analysts Set New Price Targets

BTI has been the subject of a number of research analyst reports. StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. Finally, Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th.

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.