Centaurus Financial Inc. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 17.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,904 shares of the company's stock after selling 810 shares during the period. Centaurus Financial Inc.'s holdings in British American Tobacco were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Lincoln National Corp increased its position in shares of British American Tobacco by 39.2% in the 2nd quarter. Lincoln National Corp now owns 10,570 shares of the company's stock valued at $454,000 after acquiring an additional 2,978 shares during the period. First Horizon Advisors Inc. boosted its holdings in British American Tobacco by 766.3% in the second quarter. First Horizon Advisors Inc. now owns 2,495 shares of the company's stock valued at $106,000 after purchasing an additional 2,207 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in British American Tobacco by 33.6% in the second quarter. Lindbrook Capital LLC now owns 3,184 shares of the company's stock valued at $137,000 after purchasing an additional 800 shares during the last quarter. Parallel Advisors LLC boosted its holdings in British American Tobacco by 5.9% in the second quarter. Parallel Advisors LLC now owns 5,487 shares of the company's stock valued at $235,000 after purchasing an additional 308 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in British American Tobacco by 51.9% in the second quarter. EverSource Wealth Advisors LLC now owns 7,010 shares of the company's stock valued at $300,000 after purchasing an additional 2,394 shares during the last quarter. 6.70% of the stock is owned by institutional investors and hedge funds.
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British American Tobacco Stock Up 0.6 %
BTI stock opened at $37.30 on Monday. The company's 50-day simple moving average is $38.77 and its 200-day simple moving average is $40.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52. British American Tobacco p.l.c. has a 52-week low of $33.62 and a 52-week high of $47.24.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a report on Tuesday, July 5th. StockNews.com assumed coverage on shares of British American Tobacco in a report on Wednesday, October 12th. They issued a "buy" rating on the stock.
British American Tobacco Profile
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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.
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