Bank of Montreal Can Cuts Position in British American Tobacco PLC (BTI)

Bank of Montreal Can decreased its holdings in British American Tobacco PLC (NYSE:BTI) by 90.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 45,695 shares of the company’s stock after selling 444,096 shares during the period. Bank of Montreal Can’s holdings in British American Tobacco were worth $1,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of British American Tobacco by 5.0% in the second quarter. Advisors Asset Management Inc. now owns 151,846 shares of the company’s stock worth $7,661,000 after buying an additional 7,252 shares in the last quarter. Scout Investments Inc. raised its position in British American Tobacco by 5.8% during the third quarter. Scout Investments Inc. now owns 56,599 shares of the company’s stock valued at $2,639,000 after purchasing an additional 3,117 shares in the last quarter. First Hawaiian Bank purchased a new stake in British American Tobacco during the third quarter valued at about $743,000. Raymond James Trust N.A. raised its position in British American Tobacco by 6.7% during the third quarter. Raymond James Trust N.A. now owns 36,861 shares of the company’s stock valued at $1,719,000 after purchasing an additional 2,305 shares in the last quarter. Finally, First American Bank purchased a new stake in British American Tobacco during the third quarter valued at about $1,413,000. Hedge funds and other institutional investors own 7.17% of the company’s stock.

A number of equities research analysts have weighed in on BTI shares. UBS Group downgraded British American Tobacco from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. DZ Bank restated a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Royal Bank of Canada upgraded British American Tobacco from an “underperform” rating to a “sector perform” rating in a research report on Thursday, November 29th. Finally, Cowen downgraded British American Tobacco from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.00.

Shares of NYSE:BTI opened at $36.06 on Thursday. British American Tobacco PLC has a 12-month low of $30.67 and a 12-month high of $63.04. The stock has a market cap of $75.74 billion, a PE ratio of 9.80, a P/E/G ratio of 0.93 and a beta of 0.90. The company has a current ratio of 0.81, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69.

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British American Tobacco 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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