Captrust Financial Advisors Lowers Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Captrust Financial Advisors cut its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,773 shares of the company's stock after selling 11,631 shares during the quarter. Captrust Financial Advisors' holdings in British American Tobacco were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Park Avenue Securities LLC lifted its stake in British American Tobacco by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 33,622 shares of the company's stock worth $1,221,000 after purchasing an additional 620 shares during the last quarter. Brooklyn Investment Group raised its position in British American Tobacco by 274.0% during the 4th quarter. Brooklyn Investment Group now owns 1,541 shares of the company's stock valued at $56,000 after purchasing an additional 1,129 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of British American Tobacco by 21.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 12,045 shares of the company's stock worth $437,000 after acquiring an additional 2,146 shares during the period. Aaron Wealth Advisors LLC grew its holdings in shares of British American Tobacco by 12.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,360 shares of the company's stock worth $485,000 after acquiring an additional 1,490 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of British American Tobacco by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 11,853 shares of the company's stock worth $431,000 after acquiring an additional 880 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTI. Bank of America initiated coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. Finally, Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Trading Up 1.4%

BTI traded up $0.64 during trading hours on Friday, reaching $45.24. 4,320,375 shares of the company's stock traded hands, compared to its average volume of 4,958,819. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $41.96 and a 200 day moving average price of $39.40. The firm has a market capitalization of $93.51 billion, a PE ratio of 9.29 and a beta of 0.32. British American Tobacco p.l.c. has a 52-week low of $30.01 and a 52-week high of $45.29.

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.