Kovitz Investment Group Partners LLC Lowers Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Kovitz Investment Group Partners LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 59.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,647 shares of the company's stock after selling 21,330 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in British American Tobacco were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BTI. Addison Advisors LLC boosted its stake in 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 acquiring an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position 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 buying an additional 753 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake 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 valued at $65,000 after buying an additional 1,351 shares during the last quarter. City State Bank boosted its holdings in British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company's stock worth $70,000 after acquiring an additional 400 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of British American Tobacco by 156.0% during the second quarter. HHM Wealth Advisors LLC now owns 3,018 shares of the company's stock worth $93,000 after acquiring an additional 1,839 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Up 0.1 %

BTI traded up $0.04 during midday trading on Friday, hitting $37.60. 1,391,071 shares of the company were exchanged, compared to its average volume of 4,719,229. The company's 50 day simple moving average is $36.03 and its 200 day simple moving average is $35.02. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BTI. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Barclays raised British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

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.