British American Tobacco PLC (BTI) Holdings Trimmed by Waverton Investment Management Ltd

Waverton Investment Management Ltd cut its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 429,231 shares of the company’s stock after selling 9,840 shares during the period. British American Tobacco makes up approximately 0.8% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 21st largest holding. Waverton Investment Management Ltd’s holdings in British American Tobacco were worth $13,675,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of British American Tobacco by 460,771.2% in the third quarter. Bank of New York Mellon Corp now owns 5,318,454 shares of the company’s stock valued at $248,001,000 after purchasing an additional 5,317,300 shares in the last quarter. Jane Street Group LLC raised its holdings in British American Tobacco by 497.3% during the second quarter. Jane Street Group LLC now owns 1,895,166 shares of the company’s stock worth $95,611,000 after acquiring an additional 1,577,899 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in British American Tobacco by 15,948.3% during the third quarter. Standard Life Aberdeen plc now owns 1,251,766 shares of the company’s stock worth $22,146,000 after acquiring an additional 1,243,966 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in British American Tobacco by 61.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,139,399 shares of the company’s stock worth $53,130,000 after acquiring an additional 431,648 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in British American Tobacco by 734.5% during the third quarter. Bank of Montreal Can now owns 489,791 shares of the company’s stock worth $22,839,000 after acquiring an additional 431,098 shares in the last quarter. Hedge funds and other institutional investors own 7.36% of the company’s stock.

Several research firms recently issued reports on BTI. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a report on Friday. Cowen lowered British American Tobacco from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Royal Bank of Canada upgraded British American Tobacco from an “underperform” rating to a “sector perform” rating in a report on Thursday, November 29th. DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a report on Thursday, October 18th. Finally, UBS Group lowered British American Tobacco from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.00.

NYSE BTI traded down $0.30 during trading on Monday, reaching $32.40. 5,224 shares of the company’s stock were exchanged, compared to its average volume of 3,890,738. The company has a market cap of $67.74 billion, a PE ratio of 8.81 and a beta of 0.89. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. British American Tobacco PLC has a fifty-two week low of $30.67 and a fifty-two week high of $71.44.

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British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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