Citigroup Inc. Acquires 43,098 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Citigroup Inc. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 166,353 shares of the company's stock after buying an additional 43,098 shares during the period. Citigroup Inc.'s holdings in British American Tobacco were worth $6,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTI. Raymond James Trust N.A. lifted its stake in British American Tobacco by 5.8% in the 3rd quarter. Raymond James Trust N.A. now owns 52,389 shares of the company's stock valued at $1,916,000 after acquiring an additional 2,862 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of British American Tobacco in the third quarter worth $672,000. Charles Schwab Investment Management Inc. boosted its holdings in British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock worth $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in British American Tobacco by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 128,800 shares of the company's stock valued at $4,712,000 after buying an additional 5,900 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 valued at $20,927,000 after purchasing an additional 554,491 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Barclays raised British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.

British American Tobacco Trading Down 0.6 %

Shares of BTI traded down $0.21 during trading hours on Monday, hitting $37.73. The company had a trading volume of 4,415,152 shares, compared to its average volume of 4,720,016. 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 business has a fifty day moving average of $35.92 and a 200-day moving average of $34.67. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

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.