Fifth Third Wealth Advisors LLC acquired a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,572 shares of the company's stock, valued at approximately $275,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pines Wealth Management LLC purchased a new position in British American Tobacco during the fourth quarter valued at $241,000. Sivia Capital Partners LLC purchased a new position in British American Tobacco during the fourth quarter valued at $204,000. Adams Asset Advisors LLC raised its stake in British American Tobacco by 4.3% during the fourth quarter. Adams Asset Advisors LLC now owns 410,516 shares of the company's stock valued at $14,910,000 after buying an additional 16,992 shares during the last quarter. Kieckhefer Group LLC purchased a new position in British American Tobacco during the fourth quarter valued at $44,000. Finally, Brookstone Capital Management raised its stake in British American Tobacco by 1.2% during the fourth quarter. Brookstone Capital Management now owns 35,139 shares of the company's stock valued at $1,276,000 after buying an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.
British American Tobacco Price Performance
Shares of BTI traded up $0.43 during trading hours on Friday, hitting $36.32. The stock had a trading volume of 3,859,219 shares, compared to its average volume of 2,359,226. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock has a fifty day moving average price of $36.77 and a 200 day moving average price of $35.99.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Barclays raised British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. 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 report on Thursday, October 3rd. Finally, StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.
Read Our Latest Analysis on BTI
About British American Tobacco
(
Free Report)
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.
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