Goldman Sachs Group INC Lowered Its British Amern Tob Plc (BTI) Position by $127.93 Million

February 15, 2018 - By Peter Erickson

Goldman Sachs Group Inc decreased its stake in British Amern Tob Plc (BTI) by 13.28% based on its latest 2017Q3 regulatory filing with the SEC. Goldman Sachs Group Inc sold 2.06M shares as the company’s stock rose 13.21% with the market. The institutional investor held 13.47 million shares of the farming and seeds and milling company at the end of 2017Q3, valued at $841.14 million, down from 15.53 million at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in British Amern Tob Plc for a number of months, seems to be less bullish one the $135.03 billion market cap company. The stock increased 0.79% or $0.49 during the last trading session, reaching $62.79. About 709,128 shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has risen 17.78% since February 15, 2017 and is uptrending. It has outperformed by 1.08% the S&P500.

Goldman Sachs Group Inc, which manages about $408.33B US Long portfolio, upped its stake in Comfort Sys Usa Inc (NYSE:FIX) by 106,156 shares to 108,156 shares, valued at $3.86 million in 2017Q3, according to the filing. It also increased its holding in Aarons Inc (NYSE:AAN) by 91,151 shares in the quarter, for a total of 933,281 shares, and has risen its stake in Michael Kors Hldgs Ltd (NYSE:KORS).

More notable recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Marketwatch.com which released: “British American Tobacco profit jumps on FX effect” on July 27, 2017, also Seekingalpha.com with their article: “Don’t Miss This Forgotten Tobacco Play” published on February 08, 2018, Fool.com published: “Better Buy: The Coca-Cola Co. vs. British American Tobacco PLC (ADR)” on December 07, 2017. More interesting news about British American Tobacco p.l.c. (NYSE:BTI) were released by: Fool.com and their article: “Better Buy: Philip Morris International Inc. vs. British American Tobacco PLC …” published on December 11, 2017 as well as Marketwatch.com‘s news article titled: “British American Tobacco PLC ADR” with publication date: May 12, 2016.

British American Tobacco p.l.c. (NYSE:BTI) Ratings Coverage

Among 7 analysts covering British Amrcn Tobacco (NYSEMKT:BTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. British Amrcn Tobacco had 9 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of British American Tobacco p.l.c. (NYSE:BTI) earned “Buy” rating by Investec on Thursday, September 8. The rating was upgraded by Societe Generale to “Buy” on Friday, October 28. Piper Jaffray initiated British American Tobacco p.l.c. (NYSE:BTI) on Thursday, May 25 with “Overweight” rating. The stock has “Hold” rating by Societe Generale on Friday, July 29. Morgan Stanley upgraded British American Tobacco p.l.c. (NYSE:BTI) on Wednesday, November 2 to “Overweight” rating. The stock of British American Tobacco p.l.c. (NYSE:BTI) earned “Buy” rating by Investec on Friday, August 4. Cowen & Co initiated British American Tobacco p.l.c. (NYSE:BTI) on Tuesday, August 25 with “Market Perform” rating. The firm earned “Buy” rating on Tuesday, August 4 by Bank of America. The firm has “Sell” rating by Goldman Sachs given on Thursday, December 10.

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