Blue Trust Inc. Boosts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Blue Trust Inc. boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,555 shares of the company’s stock after acquiring an additional 5,805 shares during the period. Blue Trust Inc.’s holdings in British American Tobacco were worth $862,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BTI. Larson Financial Group LLC lifted its stake in shares of British American Tobacco by 153.7% during 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. Mather Group LLC. boosted its stake 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 period. Addison Advisors LLC grew its position in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in British American Tobacco during the 1st quarter valued at approximately $46,000. Finally, GAMMA Investing LLC grew its holdings in British American Tobacco by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after buying an additional 922 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Stock Down 2.5 %

NYSE BTI opened at $34.50 on Monday. The company has a fifty day moving average of $36.90 and a two-hundred day moving average of $33.35. The firm has a market capitalization of $76.63 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

Analyst Upgrades and Downgrades

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

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.