Guardian Wealth Management Inc. Sells 6,211 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Guardian Wealth Management Inc. trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI) by 64.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,399 shares of the company’s stock after selling 6,211 shares during the period. Guardian Wealth Management Inc.’s holdings in British American Tobacco were worth $124,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC lifted its position in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after buying an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares in the last quarter. Continuum Advisory LLC grew its holdings in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of British American Tobacco by 320.9% during the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after purchasing an additional 1,351 shares in the last quarter. Finally, City State Bank boosted its position in shares of British American Tobacco by 26.6% in the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $37.80 on Monday. The stock has a 50-day moving average of $35.90 and a two-hundred day moving average of $34.88. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54.

Wall Street Analysts Forecast Growth

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

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.