Kovitz Investment Group Partners LLC Has $536,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Kovitz Investment Group Partners LLC trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 59.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,647 shares of the company’s stock after selling 21,330 shares during the period. Kovitz Investment Group Partners LLC’s holdings in British American Tobacco were worth $536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Quantinno Capital Management LP boosted its stake in British American Tobacco by 9.9% during the 3rd quarter. Quantinno Capital Management LP now owns 131,262 shares of the company’s stock valued at $4,802,000 after purchasing an additional 11,791 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in British American Tobacco by 119.2% during the third quarter. Point72 Asset Management L.P. now owns 50,100 shares of the company’s stock valued at $1,833,000 after purchasing an additional 27,246 shares during the period. Penn Mutual Asset Management purchased a new stake in British American Tobacco in the 3rd quarter worth about $256,000. Integrated Wealth Concepts LLC boosted its position in British American Tobacco by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 12,890 shares of the company’s stock worth $472,000 after purchasing an additional 418 shares during the period. Finally, Janus Henderson Group PLC grew its stake in British American Tobacco by 49.6% in the 3rd quarter. Janus Henderson Group PLC now owns 11,457 shares of the company’s stock valued at $419,000 after buying an additional 3,800 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTI has been the subject of a number of recent analyst reports. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Trading Down 0.5 %

BTI opened at $37.56 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The business’s 50-day moving average price is $35.99 and its 200-day moving average price is $35.00.

About British American Tobacco

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.