Stock Yards Bank & Trust Co. Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Stock Yards Bank & Trust Co. bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also recently bought and sold shares of BTI. FMR LLC raised its holdings in British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after acquiring an additional 206,117 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of British American Tobacco by 1.9% during the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after purchasing an additional 43,006 shares during the period. First Eagle Investment Management LLC grew its stake in shares of British American Tobacco by 7.9% in the second 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 during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in British American Tobacco during the 3rd quarter worth $28,183,000. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Up 0.2 %

BTI stock opened at $37.65 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a 50-day moving average price of $36.08 and a 200-day moving average price of $35.07. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54.

British American Tobacco Company 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.