Janney Montgomery Scott LLC Trims Stake in British American Tobacco p.l.c. (NYSE:BTI)

Janney Montgomery Scott LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,327 shares of the company's stock after selling 31,613 shares during the quarter. Janney Montgomery Scott LLC's holdings in British American Tobacco were worth $2,663,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. Finally, StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

British American Tobacco Stock Up 1.2 %

BTI traded up $0.48 on Tuesday, hitting $40.22. 4,909,748 shares of the company were exchanged, compared to its average volume of 4,257,083. The business's fifty day moving average is $37.20 and its 200 day moving average is $36.54. 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 fifty-two week low of $28.25 and a fifty-two week high of $40.25.

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.