Pekin Hardy Strauss Inc. Has $2.24 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Pekin Hardy Strauss Inc. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 30.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,229 shares of the company's stock after acquiring an additional 14,325 shares during the period. Pekin Hardy Strauss Inc.'s holdings in British American Tobacco were worth $2,240,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BTI. Russell Investments Group Ltd. boosted its holdings in shares of British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company's stock valued at $85,000 after buying an additional 1,590 shares during the period. 1832 Asset Management L.P. boosted its position in British American Tobacco by 4.2% during the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company's stock valued at $274,000 after purchasing an additional 363 shares during the period. Mount Yale Investment Advisors LLC grew its stake in British American Tobacco by 78.7% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 21,710 shares of the company's stock worth $662,000 after buying an additional 9,561 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in British American Tobacco by 0.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 148,149 shares of the company's stock valued at $4,519,000 after buying an additional 976 shares during the last quarter. Finally, Bayesian Capital Management LP grew its position in shares of British American Tobacco by 558.2% during the first quarter. Bayesian Capital Management LP now owns 64,500 shares of the company's stock worth $1,967,000 after acquiring an additional 54,700 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays raised British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Morgan Stanley cut British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research report on Thursday, October 3rd. Finally, StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

British American Tobacco Stock Up 1.1 %

Shares of NYSE BTI traded up $0.40 during trading hours on Friday, hitting $37.38. The stock had a trading volume of 2,747,308 shares, compared to its average volume of 4,284,967. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company has a market capitalization of $77.73 billion, a P/E ratio of 7.84 and a beta of 0.53. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The firm's 50-day moving average price is $35.95 and its two-hundred day moving average price is $34.43.

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.