Probity Advisors Inc. Lowers Position in British American Tobacco p.l.c. (NYSE:BTI)

Probity Advisors Inc. decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,275 shares of the company’s stock after selling 321 shares during the period. Probity Advisors Inc.’s holdings in British American Tobacco were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after acquiring an additional 610 shares in the last quarter. Mather Group LLC. raised its position in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after buying an additional 545 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of British American Tobacco during the first quarter worth about $46,000. Finally, City State Bank grew its holdings in shares of British American Tobacco by 5,016.7% during the first quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after buying an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.7 %

NYSE:BTI opened at $35.54 on Thursday. The firm has a 50-day moving average of $36.94 and a two-hundred day moving average of $33.27. 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.

Analyst Ratings Changes

A number of brokerages have weighed in on BTI. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd.

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.