BNP Paribas Financial Markets Grows Position in British American Tobacco p.l.c. (NYSE:BTI)

BNP Paribas Financial Markets raised its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 328.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,374 shares of the company's stock after acquiring an additional 51,662 shares during the quarter. BNP Paribas Financial Markets' holdings in British American Tobacco were worth $2,465,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco by 35.6% in the third 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 stake in shares of British American Tobacco by 26.2% during the 2nd 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 raised its holdings in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock valued at $2,419,000 after acquiring an additional 31,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Auxier Asset Management grew its stake in shares of British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company's stock valued at $5,778,000 after acquiring an additional 25,800 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut 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 research report on Thursday, October 3rd. StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

Shares of NYSE:BTI traded up $0.02 during mid-day trading on Friday, reaching $37.80. 7,808,044 shares of the company's stock were exchanged, compared to its average volume of 3,592,550. The business's fifty day moving average price is $35.88 and its 200-day moving average price is $34.79. 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 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.