Pathstone Holdings LLC Sells 17,480 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Pathstone Holdings LLC lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,524 shares of the company's stock after selling 17,480 shares during the period. Pathstone Holdings LLC's holdings in British American Tobacco were worth $7,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its holdings in British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of British American Tobacco during the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in British American Tobacco by 43.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock worth $45,000 after buying an additional 374 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in British American Tobacco during the 4th quarter valued at about $47,000. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BTI. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Stock Up 0.1%

Shares of NYSE BTI traded up $0.05 during midday trading on Wednesday, reaching $44.49. 6,502,491 shares of the company's stock traded hands, compared to its average volume of 4,930,925. The company has a market cap of $91.97 billion, a price-to-earnings ratio of 9.14 and a beta of 0.32. British American Tobacco p.l.c. has a one year low of $30.01 and a one year high of $44.78. 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 stock's 50 day simple moving average is $41.76 and its 200-day simple moving average is $39.20.

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.