British American Tobacco PLC (BTI) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. decreased its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 16.6% during the third quarter, Holdings Channel reports. The fund owned 31,479 shares of the company’s stock after selling 6,246 shares during the period. Bbva Compass Bancshares Inc.’s holdings in British American Tobacco were worth $1,468,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of British American Tobacco by 18.7% during the third quarter. CIBC Asset Management Inc now owns 43,605 shares of the company’s stock worth $2,033,000 after acquiring an additional 6,865 shares during the last quarter. HL Financial Services LLC boosted its position in British American Tobacco by 82.8% in the third quarter. HL Financial Services LLC now owns 9,743 shares of the company’s stock valued at $454,000 after buying an additional 4,412 shares during the last quarter. Usca Ria LLC boosted its position in British American Tobacco by 45.7% in the third quarter. Usca Ria LLC now owns 45,429 shares of the company’s stock valued at $2,118,000 after buying an additional 14,252 shares during the last quarter. Zions Bancorporation purchased a new stake in British American Tobacco in the third quarter valued at approximately $840,000. Finally, Wells Fargo & Company MN boosted its position in British American Tobacco by 5.8% in the third quarter. Wells Fargo & Company MN now owns 2,828,579 shares of the company’s stock valued at $131,898,000 after buying an additional 156,133 shares during the last quarter. Institutional investors and hedge funds own 7.69% of the company’s stock.

A number of equities research analysts recently commented on the company. DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Sanford C. Bernstein assumed coverage on British American Tobacco in a research report on Tuesday, October 16th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. UBS Group lowered British American Tobacco from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Royal Bank of Canada lowered British American Tobacco to an “underperform” rating in a research report on Monday, September 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $73.00.

Shares of NYSE BTI opened at $43.77 on Wednesday. The company has a market capitalization of $92.72 billion, a P/E ratio of 11.89, a PEG ratio of 1.42 and a beta of 0.96. British American Tobacco PLC has a 52 week low of $41.69 and a 52 week high of $71.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81.

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British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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