British American Tobacco p.l.c. $BTI Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,615 shares of the company’s stock after selling 12,641 shares during the quarter. Cibc World Market Inc.’s holdings in British American Tobacco were worth $17,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BTI. Capital International Investors lifted its stake in British American Tobacco by 3.0% during the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after buying an additional 1,891,042 shares in the last quarter. Capital Research Global Investors lifted its stake in British American Tobacco by 2.6% during the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock valued at $1,171,399,000 after buying an additional 559,189 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares in the last quarter. Capital World Investors lifted its stake in British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after buying an additional 9,397,693 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in British American Tobacco by 29.5% during the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after buying an additional 1,578,860 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Price Performance

NYSE BTI opened at $59.91 on Friday. The company has a 50 day simple moving average of $60.11 and a 200-day simple moving average of $58.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.