British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,165 shares of the company’s stock after selling 776 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in British American Tobacco were worth $297,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BTI. Rhumbline Advisers boosted its stake in British American Tobacco by 41.8% during the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after acquiring an additional 1,490 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in British American Tobacco by 76.4% during the second quarter. Brown Brothers Harriman & Co. now owns 4,237 shares of the company’s stock valued at $131,000 after buying an additional 1,835 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of British American Tobacco by 9.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 122,900 shares of the company’s stock worth $3,801,000 after acquiring an additional 10,138 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of British American Tobacco by 34.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 120,365 shares of the company’s stock valued at $3,723,000 after acquiring an additional 31,129 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in British American Tobacco by 7.9% in the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock worth $24,109,000 after purchasing an additional 57,016 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

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

British American Tobacco Price Performance

NYSE:BTI opened at $35.90 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $36.74 and its 200 day moving average price is $35.96. The firm has a market cap of $79.32 billion, a P/E ratio of 7.12 and a beta of 0.52.

British American Tobacco Company 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.