Fifth Third Bancorp Cuts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Fifth Third Bancorp trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,012 shares of the company's stock after selling 9,246 shares during the period. Fifth Third Bancorp's holdings in British American Tobacco were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in British American Tobacco during the third quarter worth $28,183,000. Bridgewater Associates LP acquired a new position in shares of British American Tobacco in the third quarter worth $27,118,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock valued at $20,927,000 after acquiring an additional 554,491 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in British American Tobacco by 129.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company's stock worth $14,117,000 after purchasing an additional 218,000 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 0.3 %

Shares of BTI stock traded up $0.12 during trading hours on Monday, hitting $39.76. 2,897,719 shares of the company were exchanged, compared to its average volume of 4,200,661. The firm has a fifty day moving average of $37.15 and a 200 day moving average of $36.49. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.85.

Analysts Set New Price Targets

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

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.