Goldman Sachs Group INC Has Cut Holding in British Amern Tob Plc (BTI) by $127.93 Million

February 15, 2018 - By Linda Rogers

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 2.06 million 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 $841.14M, down from 15.53M 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 $135.03B 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 Beigene Ltd by 166,147 shares to 184,417 shares, valued at $19.08 million in 2017Q3, according to the filing. It also increased its holding in Bt Group Plc (NYSE:BT) by 203,998 shares in the quarter, for a total of 524,726 shares, and has risen its stake in Bgc Partners Inc (NASDAQ:BGCP).

More notable recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Nasdaq.com which released: “British American Tobacco Becomes Oversold” on February 09, 2018, also Fool.com with their article: “Better Buy: Philip Morris International Inc. vs. British American Tobacco PLC …” published on December 11, 2017, Seekingalpha.com published: “Don’t Miss This Forgotten Tobacco Play” on February 08, 2018. More interesting news about British American Tobacco p.l.c. (NYSE:BTI) were released by: Marketwatch.com and their article: “British American Tobacco PLC ADR” published on May 12, 2016 as well as Fool.com‘s news article titled: “Better Buy: The Coca-Cola Co. vs. British American Tobacco PLC (ADR)” with publication date: December 07, 2017.

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. On Thursday, December 10 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm earned “Overweight” rating on Wednesday, November 2 by Morgan Stanley. The firm has “Hold” rating by Societe Generale given on Friday, July 29. Piper Jaffray initiated the shares of BTI in report on Thursday, May 25 with “Overweight” rating. The company was upgraded on Friday, October 28 by Societe Generale. The rating was upgraded by Investec to “Buy” on Friday, August 4. The firm earned “Buy” rating on Tuesday, August 4 by Bank of America. As per Tuesday, August 25, the company rating was initiated by Cowen & Co. The rating was upgraded by Investec on Thursday, September 8 to “Buy”.

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