San Luis Wealth Advisors LLC Sells 5,937 Shares of British American Tobacco p.l.c. (NYSE:BTI)

San Luis Wealth Advisors LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 24.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,354 shares of the company's stock after selling 5,937 shares during the period. San Luis Wealth Advisors LLC's holdings in British American Tobacco were worth $759,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BTI. Capital International Investors increased its holdings in shares of British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after buying an additional 5,673,619 shares during the last quarter. FMR LLC increased its holdings in shares of British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after buying an additional 3,127,046 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after buying an additional 2,001,311 shares during the last quarter. Bridgewater Associates LP boosted its stake in shares of British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock worth $97,388,000 after purchasing an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of British American Tobacco during the 4th quarter worth about $55,620,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

British American Tobacco stock opened at $49.01 on Tuesday. The stock has a market cap of $101.31 billion, a price-to-earnings ratio of 10.06 and a beta of 0.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 1 year low of $30.53 and a 1 year high of $49.58. The firm has a 50-day moving average of $43.93 and a two-hundred day moving average of $40.56.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday. Finally, Bank of America assumed coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

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.

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