British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 64.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,399 shares of the company’s stock after selling 6,211 shares during the period. Guardian Wealth Management Inc.’s holdings in British American Tobacco were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in British American Tobacco by 4.0% during the second quarter. CWM LLC now owns 16,517 shares of the company’s stock valued at $511,000 after acquiring an additional 628 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in British American Tobacco by 14.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,541 shares of the company’s stock worth $388,000 after buying an additional 1,563 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in British American Tobacco by 13.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 70,117 shares of the company’s stock valued at $2,169,000 after buying an additional 8,089 shares during the period. AdvisorNet Financial Inc raised its position in shares of British American Tobacco by 4.1% in the second quarter. AdvisorNet Financial Inc now owns 59,443 shares of the company’s stock worth $1,839,000 after acquiring an additional 2,334 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of British American Tobacco by 65.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 5,617 shares of the company’s stock worth $174,000 after acquiring an additional 2,231 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

NYSE:BTI opened at $37.80 on Monday. The stock has a 50 day moving average of $35.90 and a two-hundred day moving average of $34.88. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BTI shares. Barclays raised British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.