Raleigh Capital Management Inc. Trims Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Raleigh Capital Management Inc. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,591 shares of the company’s stock after selling 1,167 shares during the period. Raleigh Capital Management Inc.’s holdings in British American Tobacco were worth $863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its holdings in shares of British American Tobacco by 0.4% in the 1st quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after acquiring an additional 13,643 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after purchasing an additional 614,634 shares during the period. Raymond James & Associates lifted its position in shares of British American Tobacco by 1.9% in the 2nd quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after buying an additional 43,006 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of British American Tobacco by 7.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock valued at $24,109,000 after buying an additional 57,016 shares during the period. Finally, Osaic Holdings Inc. raised its stake in British American Tobacco by 25.0% during the first quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock worth $14,887,000 after acquiring an additional 97,556 shares during the period. 21.44% of the stock is owned by institutional investors.

British American Tobacco Stock Down 0.8 %

Shares of British American Tobacco stock opened at $34.24 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The business’s fifty day moving average price is $36.86 and its two-hundred day moving average price is $33.39. The company has a market capitalization of $76.05 billion, a P/E ratio of 7.09 and a beta of 0.52.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BTI shares. StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd.

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.