First City Capital Management Inc. Sells 2,300 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First City Capital Management Inc. decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 21.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,290 shares of the company’s stock after selling 2,300 shares during the quarter. First City Capital Management Inc.’s holdings in British American Tobacco were worth $343,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pines Wealth Management LLC grew its stake in British American Tobacco by 25.0% during the first quarter. Pines Wealth Management LLC now owns 8,405 shares of the company’s stock valued at $332,000 after acquiring an additional 1,682 shares in the last quarter. AGH Wealth Advisors LLC purchased a new position in shares of British American Tobacco during the 1st quarter worth about $209,000. HF Advisory Group LLC boosted its stake in shares of British American Tobacco by 10.9% during the 1st quarter. HF Advisory Group LLC now owns 44,131 shares of the company’s stock worth $1,826,000 after purchasing an additional 4,345 shares during the period. Financial Management Professionals Inc. lifted its holdings in British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after buying an additional 278 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in British American Tobacco during the 1st quarter valued at about $232,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America assumed coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $33.00.

British American Tobacco Stock Up 0.7%

BTI stock opened at $47.79 on Friday. The firm’s fifty day simple moving average is $42.94 and its 200-day simple moving average is $40.07. The company has a market capitalization of $98.79 billion, a P/E ratio of 9.81 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12 month low of $30.29 and a 12 month high of $47.86.

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.