CIBC Asset Management Inc Sells 1,808 Shares of British American Tobacco p.l.c. (NYSE:BTI)

CIBC Asset Management Inc cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,043 shares of the company’s stock after selling 1,808 shares during the period. CIBC Asset Management Inc’s holdings in British American Tobacco were worth $5,354,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Brookstone Capital Management raised its stake in shares of British American Tobacco by 0.6% during the 1st quarter. Brookstone Capital Management now owns 37,084 shares of the company’s stock worth $1,588,000 after purchasing an additional 236 shares during the period. Sage Rhino Capital LLC increased its holdings in British American Tobacco by 3.8% in the 4th quarter. Sage Rhino Capital LLC now owns 7,135 shares of the company’s stock worth $267,000 after acquiring an additional 260 shares during the last quarter. Cedar Brook Financial Partners LLC increased its holdings in British American Tobacco by 4.0% in the 1st quarter. Cedar Brook Financial Partners LLC now owns 7,754 shares of the company’s stock worth $327,000 after acquiring an additional 296 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in British American Tobacco by 0.7% in the 1st quarter. Eagle Global Advisors LLC now owns 43,687 shares of the company’s stock worth $1,842,000 after acquiring an additional 318 shares during the last quarter. Finally, Dearborn Partners LLC grew its holdings in British American Tobacco by 5.4% during the 1st quarter. Dearborn Partners LLC now owns 6,524 shares of the company’s stock valued at $276,000 after buying an additional 334 shares in the last quarter. 13.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group lifted their target price on British American Tobacco from GBX 3,600 ($44.11) to GBX 3,800 ($46.56) in a report on Tuesday, May 31st. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th. Morgan Stanley boosted their price objective on British American Tobacco from GBX 3,780 ($46.32) to GBX 4,000 ($49.01) in a report on Tuesday, July 5th. Finally, Barclays boosted their price objective on British American Tobacco from GBX 4,200 ($51.46) to GBX 4,400 ($53.91) in a report on Tuesday, June 7th.

British American Tobacco Trading Up 0.5 %

NYSE:BTI opened at $39.29 on Friday. The business has a 50 day moving average of $42.12 and a 200 day moving average of $42.66. British American Tobacco p.l.c. has a 1-year low of $33.62 and a 1-year high of $47.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.88.

British American Tobacco Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

See Also

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

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