British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. cut its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 89.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,160 shares of the company's stock after selling 172,281 shares during the period. Rakuten Securities Inc.'s holdings in British American Tobacco were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mather Group LLC. grew its holdings in British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company's stock worth $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC lifted its stake in British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after acquiring an additional 545 shares during the period. Creative Financial Designs Inc. ADV grew its holdings 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. Pathway Financial Advisers LLC purchased a new position in British American Tobacco during the first quarter worth $46,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of 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 acquiring an additional 1,351 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.3 %

BTI traded up $0.12 during trading on Tuesday, hitting $35.27. 2,227,747 shares of the stock traded hands, compared to its average volume of 4,779,320. The business has a 50 day moving average price of $36.37 and a 200 day moving average price of $34.00. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve 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 Ratings Changes

A number of analysts recently issued reports on BTI shares. StockNews.com downgraded British American Tobacco from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 11th. Barclays raised British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Morgan Stanley cut British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd.

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.