Zions Bancorporation National Association UT Lowers Holdings in British American Tobacco p.l.c. $BTI

Zions Bancorporation National Association UT reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 144,011 shares of the company’s stock after selling 28,673 shares during the period. Zions Bancorporation National Association UT’s holdings in British American Tobacco were worth $8,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of British American Tobacco by 66.7% in the fourth quarter. J.Safra Asset Management Corp now owns 17,110 shares of the company’s stock valued at $970,000 after acquiring an additional 6,848 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of British American Tobacco by 9,152.7% in the fourth quarter. Deutsche Bank AG now owns 303,950 shares of the company’s stock valued at $17,210,000 after acquiring an additional 300,665 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of British American Tobacco by 36.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 8,285 shares of the company’s stock valued at $469,000 after acquiring an additional 2,233 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of British American Tobacco by 8.5% in the fourth quarter. Cerity Partners LLC now owns 70,826 shares of the company’s stock valued at $4,010,000 after acquiring an additional 5,527 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in British American Tobacco by 5.7% in the fourth quarter. Franklin Resources Inc. now owns 23,377 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,269 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BTI has been the subject of several analyst reports. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a report on Monday. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI stock opened at $61.20 on Thursday. British American Tobacco p.l.c. has a fifty-two week low of $46.38 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The stock’s 50-day simple moving average is $60.25 and its 200-day simple moving average is $59.13.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.