British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Kennebec Savings Bank

Kennebec Savings Bank reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,374 shares of the company’s stock after selling 841 shares during the quarter. Kennebec Savings Bank’s holdings in British American Tobacco were worth $190,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in shares of British American Tobacco in the fourth quarter valued at about $34,000. ORG Partners LLC raised its position in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of British American Tobacco during the 4th quarter worth $44,000. Creative Financial Designs Inc. ADV increased its holdings 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 valued at $45,000 after purchasing an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Price Performance

BTI stock opened at $39.68 on Friday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.77. The company has a 50 day moving average price of $37.06 and a two-hundred day moving average price of $36.36. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.