Tocqueville Asset Management L.P. lowered its position in shares of British American Tobacco PLC (NYSE:BTI) by 22.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 427,621 shares of the company’s stock after selling 123,965 shares during the period. Tocqueville Asset Management L.P.’s holdings in British American Tobacco were worth $19,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Girard Partners LTD. purchased a new stake in shares of British American Tobacco in the 3rd quarter worth about $126,000. Bessemer Group Inc. lifted its position in shares of British American Tobacco by 111.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,751 shares of the company’s stock worth $129,000 after purchasing an additional 1,447 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of British American Tobacco in the 2nd quarter worth about $130,000. Parallel Advisors LLC lifted its position in shares of British American Tobacco by 84.5% in the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock worth $146,000 after purchasing an additional 1,435 shares during the period. Finally, Assetmark Inc. lifted its position in shares of British American Tobacco by 44.6% in the 2nd quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after purchasing an additional 962 shares during the period. 7.36% of the stock is owned by institutional investors and hedge funds.

BTI stock opened at $35.05 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69. British American Tobacco PLC has a twelve month low of $34.12 and a twelve month high of $71.44. The firm has a market cap of $72.97 billion, a price-to-earnings ratio of 9.52 and a beta of 0.94.

Several research analysts recently issued reports on BTI shares. Jefferies Financial Group lowered shares of British American Tobacco to a “buy” rating in a research note on Friday, August 24th. Royal Bank of Canada lowered shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. UBS Group lowered shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Finally, Sanford C. Bernstein initiated coverage on shares of British American Tobacco in a report on Tuesday, October 16th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. British American Tobacco has an average rating of “Hold” and an average target price of $73.00.

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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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