Whittier Trust Co. Buys 1,136 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Whittier Trust Co. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,063 shares of the company’s stock after purchasing an additional 1,136 shares during the quarter. Whittier Trust Co.’s holdings in British American Tobacco were worth $587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors boosted its stake in British American Tobacco by 0.4% during the first quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after buying an additional 13,643 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of British American Tobacco by 29.9% in the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Raymond James & Associates raised its stake in British American Tobacco by 1.9% during the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock valued at $70,513,000 after purchasing an additional 43,006 shares in the last quarter. First Eagle Investment Management LLC lifted its position in British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock valued at $24,109,000 after purchasing an additional 57,016 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of British American Tobacco by 25.0% in the 1st quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock worth $14,887,000 after buying an additional 97,556 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.5 %

Shares of NYSE BTI opened at $34.72 on Thursday. The company has a market cap of $77.12 billion, a P/E ratio of 7.19 and a beta of 0.52. The firm has a 50-day simple moving average of $36.81 and a two-hundred day simple moving average of $33.43. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

About British American Tobacco

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.