Public Employees Retirement System of Ohio Acquires New Position in British American Tobacco p.l.c. (NYSE:BTI)

Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 770,436 shares of the company's stock, valued at approximately $28,183,000.

Several other large investors have also made changes to their positions in the business. CWM LLC grew its holdings in British American Tobacco by 4.0% in the second quarter. CWM LLC now owns 16,517 shares of the company's stock valued at $511,000 after purchasing an additional 628 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in British American Tobacco by 14.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,541 shares of the company's stock valued at $388,000 after purchasing an additional 1,563 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of British American Tobacco by 13.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 70,117 shares of the company's stock valued at $2,169,000 after buying an additional 8,089 shares during the period. AdvisorNet Financial Inc lifted its position in shares of British American Tobacco by 4.1% during the second quarter. AdvisorNet Financial Inc now owns 59,443 shares of the company's stock worth $1,839,000 after purchasing an additional 2,334 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of British American Tobacco by 65.9% during the second quarter. AlphaMark Advisors LLC now owns 5,617 shares of the company's stock worth $174,000 after acquiring an additional 2,231 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

British American Tobacco stock traded down $0.16 during trading hours on Tuesday, hitting $37.70. The stock had a trading volume of 1,813,626 shares, compared to its average volume of 4,749,262. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average is $35.93 and its two-hundred day moving average is $34.93.

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.