Griffin Asset Management Inc. Trims Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Griffin Asset Management Inc. lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 18,582 shares of the company’s stock after selling 330 shares during the quarter. Griffin Asset Management Inc.’s holdings in British American Tobacco were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. FMR LLC increased its stake in British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in British American Tobacco during the third quarter worth about $28,183,000. Bridgewater Associates LP purchased a new position in British American Tobacco in the 3rd quarter valued at approximately $27,118,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of British American Tobacco by 129.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company’s stock valued at $14,117,000 after buying an additional 218,000 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on BTI shares. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Stock Down 1.1 %

Shares of NYSE BTI opened at $39.18 on Wednesday. The company has a 50-day simple moving average of $36.97 and a 200-day simple moving average of $36.29. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.70.

British American Tobacco Company 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.