Hennessy Advisors Inc. Reduces Position in British American Tobacco p.l.c. (NYSE:BTI)

Hennessy Advisors Inc. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,900 shares of the company’s stock after selling 5,900 shares during the period. Hennessy Advisors Inc.’s holdings in British American Tobacco were worth $5,917,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC lifted its position in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after purchasing an additional 299 shares during the period. First City Capital Management Inc. lifted its holdings in shares of British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock valued at $398,000 after buying an additional 300 shares during the period. Grove Bank & Trust boosted its stake in shares of British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after buying an additional 314 shares during the last quarter. Greenleaf Trust increased its position in British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after acquiring an additional 376 shares during the last quarter. Finally, MADDEN SECURITIES Corp boosted its position in British American Tobacco by 1.3% in the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock worth $1,132,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.2 %

British American Tobacco stock opened at $36.32 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. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The firm has a 50 day moving average of $36.75 and a 200 day moving average of $35.96.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco 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.