Avidian Wealth Enterprises LLC Sells 415 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Avidian Wealth Enterprises LLC trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,862 shares of the company’s stock after selling 415 shares during the period. Avidian Wealth Enterprises LLC’s holdings in British American Tobacco were worth $467,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in British American Tobacco during the 4th quarter valued at about $34,000. ORG Partners LLC boosted its stake in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the 4th quarter worth approximately $44,000. Creative Financial Designs Inc. ADV boosted its stake in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $39.58 on Friday. The company’s fifty day simple moving average is $37.78 and its two-hundred day simple moving average is $36.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

Analysts Set New Price Targets

BTI has been the topic of a number of research analyst reports. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

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.