Zions Bancorporation National Association UT Sells 28,673 Shares of British American Tobacco p.l.c. $BTI

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. raised its holdings in British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after buying an additional 416 shares during the period. Cornerstone Planning Group LLC raised its holdings in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares during the period. Cary Street Partners Financial LLC purchased a new stake in British American Tobacco during the 2nd quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco during the 4th quarter valued at $42,000. Finally, Binnacle Investments Inc raised its holdings in British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 2.1%

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

Analysts Set New Price Targets

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

About British American Tobacco

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.