New York State Common Retirement Fund Has $2.97 Million Stock Position in British American Tobacco p.l.c. $BTI

New York State Common Retirement Fund reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,993 shares of the company’s stock after selling 22,815 shares during the quarter. New York State Common Retirement Fund’s holdings in British American Tobacco were worth $2,972,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BTI. True Wealth Design LLC acquired a new position in shares of British American Tobacco in the third quarter worth $29,000. Cary Street Partners Financial LLC bought a new position in British American Tobacco during the second quarter valued at about $30,000. Salem Investment Counselors Inc. lifted its holdings in British American Tobacco by 48.6% in the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the last quarter. City Holding Co. acquired a new stake in shares of British American Tobacco in the third quarter worth $42,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of British American Tobacco during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.3%

NYSE:BTI opened at $62.79 on Friday. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $63.03. The firm’s fifty day moving average price is $57.78 and its two-hundred day moving average price is $55.64. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

BTI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Kepler Capital Markets began coverage on shares of British American Tobacco in a research report on Friday, December 12th. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

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.