British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV lessened its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633,682 shares of the company's stock after selling 41,753 shares during the period. British American Tobacco accounts for 9.1% of Investment Management Associates Inc. ADV's portfolio, making the stock its 2nd largest holding. Investment Management Associates Inc. ADV's holdings in British American Tobacco were worth $23,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the business. Mather Group LLC. raised its position in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company's stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after buying an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock valued at $45,000 after acquiring an additional 753 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of British American Tobacco in the 1st quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC raised its position in British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock worth $65,000 after acquiring an additional 1,351 shares during the period. Institutional investors own 21.44% of the company's stock.

British American Tobacco Stock Performance

Shares of NYSE:BTI traded up $0.09 on Tuesday, hitting $35.24. 3,274,334 shares of the company's stock were exchanged, compared to its average volume of 4,780,989. The business's 50 day simple moving average is $36.37 and its two-hundred day simple moving average is $34.00. 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 quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

BTI has been the topic of several recent analyst reports. Morgan Stanley cut British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd. StockNews.com cut shares of British American Tobacco from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 11th. Finally, Barclays raised British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th.

British American Tobacco 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.