British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,724 shares of the company's stock after buying an additional 54,555 shares during the period. Oppenheimer Asset Management Inc.'s holdings in British American Tobacco were worth $7,599,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BTI. Capital World Investors boosted its holdings in shares of British American Tobacco by 0.4% during the first 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 during the period. Natixis Advisors LLC boosted its stake 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 buying an additional 614,634 shares during the last quarter. Raymond James & Associates raised its position in British American Tobacco by 1.9% in the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company's stock worth $70,513,000 after acquiring an additional 43,006 shares during the period. First Eagle Investment Management LLC lifted its position in British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company's stock valued at $24,109,000 after purchasing an additional 57,016 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in British American Tobacco by 25.0% during the 1st quarter. Osaic Holdings Inc. now owns 487,983 shares of the company's stock worth $14,887,000 after acquiring an additional 97,556 shares during the period. Hedge funds and other institutional investors own 21.44% of the company's stock.

British American Tobacco Stock Up 2.1 %

British American Tobacco stock traded up $0.73 during midday trading on Friday, reaching $36.22. The company's stock had a trading volume of 5,793,863 shares, compared to its average volume of 4,784,933. The stock's 50-day simple moving average is $36.20 and its 200-day simple moving average is $34.06. 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 $39.54.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd.

British American Tobacco Company 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.