First Trust Direct Indexing L.P. Grows Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First Trust Direct Indexing L.P. boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 25.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,368 shares of the company’s stock after buying an additional 2,124 shares during the period. First Trust Direct Indexing L.P.’s holdings in British American Tobacco were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Mather Group LLC. boosted its holdings in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC boosted its holdings in British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares during the period. Pathway Financial Advisers LLC bought a new position in British American Tobacco in the 1st quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after purchasing an additional 1,351 shares during the period. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.3 %

NYSE BTI opened at $35.07 on Monday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $36.60 and a 200-day moving average of $33.74.

Wall Street Analyst Weigh In

Several research analysts have commented on BTI shares. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

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.