Foundations Investment Advisors LLC Grows Position in British American Tobacco p.l.c. (NYSE:BTI)

Foundations Investment Advisors LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,771 shares of the company's stock after buying an additional 19,345 shares during the period. Foundations Investment Advisors LLC's holdings in British American Tobacco were worth $5,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTI. Capital World Investors increased its holdings in shares of British American Tobacco by 0.4% in the 1st quarter. Capital World Investors now owns 3,836,365 shares of the company's stock worth $117,009,000 after purchasing an additional 13,643 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock worth $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Raymond James & Associates increased its holdings in shares of British American Tobacco by 1.9% in the 2nd quarter. Raymond James & Associates now owns 2,279,765 shares of the company's stock worth $70,513,000 after purchasing an additional 43,006 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of British American Tobacco by 7.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company's stock worth $24,109,000 after purchasing an additional 57,016 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of British American Tobacco by 25.0% in the 1st quarter. Osaic Holdings Inc. now owns 487,983 shares of the company's stock worth $14,887,000 after purchasing an additional 97,556 shares in the last quarter. Institutional investors own 21.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on BTI shares. 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 price objective for the company. in a report on Thursday, October 3rd. Finally, StockNews.com lowered British American Tobacco from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 11th.

British American Tobacco Stock Performance

Shares of BTI traded down $0.17 during trading hours on Wednesday, hitting $34.72. The stock had a trading volume of 4,102,361 shares, compared to its average volume of 4,820,199. 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 12 month low of $28.25 and a 12 month high of $39.54. The firm has a market capitalization of $77.12 billion, a PE ratio of 7.19 and a beta of 0.52. The stock has a fifty day moving average price of $36.81 and a 200 day moving average price of $33.43.

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.