Kathmere Capital Management LLC Trims Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Kathmere Capital Management LLC lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 47.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,994 shares of the company’s stock after selling 8,037 shares during the quarter. Kathmere Capital Management LLC’s holdings in British American Tobacco were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new position in British American Tobacco in the first quarter valued at $46,000. Teachers Retirement System of The State of Kentucky boosted its position in British American Tobacco by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 167,920 shares of the company’s stock worth $5,122,000 after acquiring an additional 29,000 shares during the last quarter. Cetera Advisors LLC boosted its position in British American Tobacco by 154.9% during the first quarter. Cetera Advisors LLC now owns 52,420 shares of the company’s stock worth $1,599,000 after acquiring an additional 31,853 shares during the last quarter. Cetera Investment Advisers boosted its holdings in British American Tobacco by 249.7% in the 1st quarter. Cetera Investment Advisers now owns 208,465 shares of the company’s stock valued at $6,358,000 after purchasing an additional 148,858 shares during the last quarter. Finally, First City Capital Management Inc. boosted its holdings in British American Tobacco by 5.5% in the 1st quarter. First City Capital Management Inc. now owns 11,590 shares of the company’s stock valued at $353,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 1.5 %

BTI traded up $0.55 during trading hours on Friday, hitting $36.45. 7,872,081 shares of the company’s stock were exchanged, compared to its average volume of 5,279,556. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $36.45. The firm has a 50 day moving average of $32.14 and a 200 day moving average of $30.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of British American Tobacco from a “buy” rating to a “strong-buy” rating in a report on Saturday.

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.