B. Riley Wealth Advisors Inc. Sells 16,601 Shares of British American Tobacco p.l.c. (NYSE:BTI)

B. Riley Wealth Advisors Inc. cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 67.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,179 shares of the company’s stock after selling 16,601 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in British American Tobacco were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC grew its position in British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after purchasing an additional 206,117 shares in the last quarter. First Eagle Investment Management LLC grew its position in British American Tobacco by 7.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock worth $24,109,000 after purchasing an additional 57,016 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco in the 3rd quarter worth about $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco in the 3rd quarter worth about $27,118,000. 16.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Down 1.7 %

British American Tobacco stock opened at $36.24 on Friday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The firm has a 50 day moving average price of $36.26 and a 200-day moving average price of $35.29. The company has a market capitalization of $75.36 billion, a P/E ratio of 7.57 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.