British American Tobacco p.l.c. $BTI Stock Sold by Vise Technologies Inc.

Key Points

• Vise Technologies cut its British American Tobacco stake by 42.7% in the third quarter, selling 58,236 shares and retaining 78,015 shares valued at $4.24 million.
• Other institutions made mixed moves, while institutional investors and hedge funds collectively owned 16.16% of the company’s stock.
• Analyst sentiment was Moderate Buy, with 13 Buy, one Hold, and one Sell rating and a consensus price target of $68.10.

Vise Technologies Inc. trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 42.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,015 shares of the company's stock after selling 58,236 shares during the quarter. Vise Technologies Inc.'s holdings in British American Tobacco were worth $4,244,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. West Financial Advisors LLC bought a new stake in shares of British American Tobacco during the 3rd quarter worth approximately $29,000. Financial Network Wealth Advisors LLC grew its stake in shares of British American Tobacco by 101.9% in the third quarter. Financial Network Wealth Advisors LLC now owns 525 shares of the company's stock valued at $29,000 after buying an additional 265 shares in the last quarter. NFSG Corp grew its stake in shares of British American Tobacco by 69.4% in the third quarter. NFSG Corp now owns 881 shares of the company's stock valued at $48,000 after buying an additional 361 shares in the last quarter. Community Bank N.A. bought a new position in shares of British American Tobacco in the second quarter valued at $55,000. Finally, Root Financial Partners LLC acquired a new position in British American Tobacco during the third quarter worth $66,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $60.83 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12 month low of $52.06 and a 12 month high of $67.30. The stock has a 50 day moving average of $56.69 and a 200-day moving average of $59.17.

Analyst Upgrades and Downgrades

BTI has been the topic of several analyst reports. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Royal Bank Of Canada reissued a "sell" rating on shares of British American Tobacco in a research report on Friday, September 11th. UBS Group restated a "buy" rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. SBG Securities raised shares of British American Tobacco to a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of British American Tobacco in a research note on Monday, August 31st. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.10.

British American Tobacco Profile

British American Tobacco p.l.c. NYSE: BTI is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.

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