SG Americas Securities LLC Lowers Holdings in British American Tobacco p.l.c. (NYSE:BTI)

SG Americas Securities LLC decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 23.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,805 shares of the company’s stock after selling 3,235 shares during the quarter. SG Americas Securities LLC’s holdings in British American Tobacco were worth $456,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BTI. Park Avenue Securities LLC increased its holdings in shares of British American Tobacco by 5.1% in the 1st quarter. Park Avenue Securities LLC now owns 31,467 shares of the company’s stock worth $1,327,000 after purchasing an additional 1,517 shares in the last quarter. FourThought Financial LLC grew its holdings in shares of British American Tobacco by 5.0% in the first quarter. FourThought Financial LLC now owns 10,623 shares of the company’s stock worth $448,000 after acquiring an additional 507 shares during the period. Inlet Private Wealth LLC bought a new stake in shares of British American Tobacco in the first quarter worth $205,000. Daiwa Securities Group Inc. grew its holdings in shares of British American Tobacco by 98.9% in the first quarter. Daiwa Securities Group Inc. now owns 79,646 shares of the company’s stock worth $3,358,000 after acquiring an additional 39,608 shares during the period. Finally, First Bank & Trust grew its holdings in shares of British American Tobacco by 4.2% in the first quarter. First Bank & Trust now owns 75,520 shares of the company’s stock worth $3,183,000 after acquiring an additional 3,054 shares during the period. Hedge funds and other institutional investors own 13.18% of the company’s stock.

Wall Street Analysts Forecast Growth

BTI has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on British American Tobacco from GBX 3,780 ($46.32) to GBX 4,000 ($49.01) in a report on Tuesday, July 5th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th. Barclays boosted their price target on British American Tobacco from GBX 4,200 ($51.46) to GBX 4,400 ($53.91) in a report on Tuesday, June 7th. Finally, UBS Group boosted their price target on British American Tobacco from GBX 3,600 ($44.11) to GBX 3,800 ($46.56) in a report on Tuesday, May 31st.

British American Tobacco Stock Up 0.5 %

Shares of British American Tobacco stock opened at $39.29 on Friday. The stock’s 50-day simple moving average is $42.12 and its 200-day simple moving average is $42.66. British American Tobacco p.l.c. has a 52 week low of $33.62 and a 52 week high of $47.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.88.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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

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