Sterling Investment Management LLC Sells 724 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Sterling Investment Management LLC lowered its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,721 shares of the company’s stock after selling 724 shares during the period. Sterling Investment Management LLC’s holdings in British American Tobacco were worth $1,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after acquiring an additional 278 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of British American Tobacco in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of British American Tobacco in the fourth quarter valued at approximately $27,000. Finally, CX Institutional purchased a new stake in shares of British American Tobacco during the first quarter valued at approximately $34,000. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the subject of a number of analyst reports. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Bank of America started coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and an average price target of $33.00.

British American Tobacco Price Performance

NYSE:BTI opened at $48.74 on Thursday. The firm has a market capitalization of $100.75 billion, a price-to-earnings ratio of 10.01 and a beta of 0.31. British American Tobacco p.l.c. has a 52-week low of $30.33 and a 52-week high of $48.83. The stock has a fifty day moving average of $43.38 and a 200 day moving average of $40.29. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

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.