British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Greenleaf Trust

Greenleaf Trust raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,211 shares of the company’s stock after purchasing an additional 376 shares during the quarter. Greenleaf Trust’s holdings in British American Tobacco were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BTI. Ballentine Partners LLC acquired a new stake in British American Tobacco during the 1st quarter valued at approximately $210,000. Wealth Enhancement Advisory Services LLC grew its position in shares of British American Tobacco by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,028 shares of the company’s stock worth $1,892,000 after acquiring an additional 1,032 shares in the last quarter. Hennessy Advisors Inc. grew its position in shares of British American Tobacco by 24.7% in the 1st quarter. Hennessy Advisors Inc. now owns 172,300 shares of the company’s stock worth $5,255,000 after acquiring an additional 34,100 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of British American Tobacco by 89.4% in the 1st quarter. Kathmere Capital Management LLC now owns 17,031 shares of the company’s stock worth $519,000 after acquiring an additional 8,037 shares in the last quarter. Finally, Weaver Consulting Group grew its position in shares of British American Tobacco by 10.9% in the 1st quarter. Weaver Consulting Group now owns 9,833 shares of the company’s stock worth $300,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Trading Down 0.2 %

Shares of NYSE BTI opened at $34.65 on Friday. The company has a market cap of $76.95 billion, a price-to-earnings ratio of 7.17 and a beta of 0.52. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $36.81 and its 200 day simple moving average is $33.43.

British American Tobacco Company 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.