Lockheed Martin Investment Management Co. Takes $4.01 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Lockheed Martin Investment Management Co. bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 110,400 shares of the company's stock, valued at approximately $4,010,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Key Client Fiduciary Advisors LLC grew its holdings in British American Tobacco by 2.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after purchasing an additional 295 shares during the period. ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after purchasing an additional 299 shares in the last quarter. First City Capital Management Inc. increased its position in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock valued at $398,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust raised its stake in British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock valued at $116,000 after buying an additional 314 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company's stock worth $776,000 after acquiring an additional 376 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

NYSE:BTI traded up $0.14 on Friday, hitting $41.76. The stock had a trading volume of 5,060,271 shares, compared to its average volume of 4,552,530. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $41.79. The business's 50-day simple moving average is $37.47 and its two-hundred day simple moving average is $36.71.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of analyst reports. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Barclays raised British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th.

About British American Tobacco

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.