Benjamin Edwards Inc. Invests $1.09 Million in British American Tobacco p.l.c. (NYSE:BTI)

Benjamin Edwards Inc. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,720 shares of the company's stock, valued at approximately $1,087,000.

Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock valued at $7,599,000 after purchasing an additional 54,555 shares during the last quarter. Bank of Montreal Can lifted its position in shares of British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company's stock worth $3,658,000 after buying an additional 23,626 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock worth $2,419,000 after acquiring an additional 31,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock valued at $20,927,000 after acquiring an additional 554,491 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in British American Tobacco in the 3rd quarter worth approximately $27,118,000. 21.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BTI. Morgan Stanley lowered 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 report on Thursday, October 3rd. StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th.

British American Tobacco Stock Performance

NYSE:BTI traded up $0.02 during trading hours on Friday, hitting $37.80. 7,808,044 shares of the company traded hands, compared to its average volume of 3,592,550. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a 50-day moving average of $35.90 and a 200 day moving average of $34.86. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

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.