British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 78.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,000 shares of the company's stock after selling 18,700 shares during the period. FNY Investment Advisers LLC's holdings in British American Tobacco were worth $181,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BTI. FMR LLC raised its position in 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 buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock worth $105,111,000 after purchasing an additional 206,117 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in British American Tobacco by 7.9% in the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company's stock valued at $24,109,000 after purchasing an additional 57,016 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco during the 3rd quarter worth about $28,183,000. Finally, Bridgewater Associates LP purchased a new position in shares of British American Tobacco during the 3rd quarter valued at about $27,118,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of several analyst reports. StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a 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 report on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th.

British American Tobacco Stock Up 1.1 %

Shares of BTI opened at $35.74 on Wednesday. The firm has a market cap of $78.97 billion, a P/E ratio of 7.46 and a beta of 0.52. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock's 50 day moving average is $36.74 and its two-hundred day moving average is $35.96. 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 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.