Wealth Enhancement Advisory Services LLC Boosts Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 145.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,791 shares of the company's stock after buying an additional 101,674 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in British American Tobacco were worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC lifted its stake in shares of British American Tobacco by 3,609.1% during the third quarter. Pathway Financial Advisers LLC now owns 57,194 shares of the company's stock worth $2,092,000 after buying an additional 55,652 shares during the period. Mediolanum International Funds Ltd acquired a new stake in British American Tobacco during the 3rd quarter worth about $345,000. Ballentine Partners LLC grew its stake in British American Tobacco by 37.7% during the 3rd quarter. Ballentine Partners LLC now owns 10,973 shares of the company's stock valued at $401,000 after purchasing an additional 3,004 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of British American Tobacco in the third quarter valued at about $35,770,000. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of British American Tobacco by 1.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 318,509 shares of the company's stock worth $11,651,000 after purchasing an additional 4,368 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Finally, StockNews.com lowered British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th.

British American Tobacco Stock Performance

Shares of NYSE:BTI traded up $0.62 during trading on Thursday, hitting $34.98. 7,221,508 shares of the stock traded hands, compared to its average volume of 4,828,210. The company has a fifty day moving average price of $36.65 and a two-hundred day moving average price of $33.62. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a market cap of $77.69 billion, a price-to-earnings ratio of 7.18 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.

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.