Formidable Asset Management LLC Sells 25,095 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Formidable Asset Management LLC lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,446 shares of the company's stock after selling 25,095 shares during the quarter. Formidable Asset Management LLC's holdings in British American Tobacco were worth $634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its stake in shares of British American Tobacco by 1.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock valued at $17,922,000 after purchasing an additional 7,875 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after buying an additional 1,196,020 shares during the last quarter. Cove Street Capital LLC bought a new position in British American Tobacco in the 4th quarter valued at $1,050,000. SG Americas Securities LLC increased its stake in shares of British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after buying an additional 14,432 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after acquiring an additional 17,478 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Trading Down 0.3%

Shares of BTI stock traded down $0.12 on Wednesday, reaching $45.14. 4,386,608 shares of the stock were exchanged, compared to its average volume of 4,967,938. British American Tobacco p.l.c. has a one year low of $30.01 and a one year high of $45.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market cap of $93.31 billion, a PE ratio of 9.27 and a beta of 0.32. The stock has a 50 day moving average price of $42.12 and a 200 day moving average price of $39.53.

Analyst Ratings Changes

A number of research firms have recently weighed in on BTI. Bank of America began coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

About British American Tobacco

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.