Allspring Global Investments Holdings LLC Grows Stake in British American Tobacco p.l.c. (NYSE:BTI)

Allspring Global Investments Holdings LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 25.6% during the 2nd quarter, Holdings Channel reports. The firm owned 16,026 shares of the company’s stock after acquiring an additional 3,266 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in British American Tobacco were worth $496,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Heritage Wealth Advisors purchased a new position in British American Tobacco during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. raised its position in shares of British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares during the last quarter. Larson Financial Group LLC lifted its stake 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 buying an additional 610 shares in the last quarter. Russell Investments Group Ltd. increased its position in British American Tobacco by 83.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after buying an additional 550 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Stock Performance

NYSE:BTI opened at $38.29 on Friday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $38.62. The firm has a 50 day simple moving average of $34.75 and a 200-day simple moving average of $31.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

British American Tobacco Profile

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.