Shares of British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $35.37, but opened at $34.43. British American Tobacco shares last traded at $34.44, with a volume of 899,008 shares trading hands.
Wall Street Analyst Weigh In
BTI has been the topic of several analyst reports. Morgan Stanley downgraded British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th.
Check Out Our Latest Research Report on British American Tobacco
British American Tobacco Stock Performance
The firm has a fifty day moving average of $36.92 and a 200-day moving average of $33.28. The stock has a market capitalization of $76.62 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.
Hedge Funds Weigh In On British American Tobacco
A number of institutional investors have recently made changes to their positions in BTI. Centaurus Financial Inc. acquired a new position in shares of British American Tobacco in the fourth quarter worth $121,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of British American Tobacco by 13.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,634 shares of the company's stock worth $1,039,000 after acquiring an additional 3,999 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of British American Tobacco in the fourth quarter worth $440,000. CWM LLC raised its holdings in shares of British American Tobacco by 8.5% in the first quarter. CWM LLC now owns 15,889 shares of the company's stock worth $485,000 after acquiring an additional 1,244 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of British American Tobacco by 79.3% in the first quarter. GAMMA Investing LLC now owns 2,085 shares of the company's stock valued at $64,000 after purchasing an additional 922 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.
About British American Tobacco
(
Get 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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