Advisor Group Inc. lifted its stake in British American Tobacco PLC (NYSE:BTI) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,821 shares of the company’s stock after buying an additional 13,080 shares during the period. Advisor Group Inc.’s holdings in British American Tobacco were worth $3,741,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Granite Capital LLC acquired a new stake in British American Tobacco during the 4th quarter worth $192,000. Guardian Capital Advisors LP boosted its stake in British American Tobacco by 2.8% during the 4th quarter. Guardian Capital Advisors LP now owns 63,704 shares of the company’s stock worth $4,478,000 after purchasing an additional 1,760 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of British American Tobacco by 3.2% in the 4th quarter. Tocqueville Asset Management L.P. now owns 430,764 shares of the company’s stock worth $28,857,000 after acquiring an additional 13,375 shares during the period. Scotia Capital Inc. acquired a new stake in shares of British American Tobacco in the 4th quarter worth $346,000. Finally, Kings Point Capital Management acquired a new stake in shares of British American Tobacco in the 4th quarter worth $188,000. 9.09% of the stock is currently owned by hedge funds and other institutional investors.
British American Tobacco PLC (NYSE:BTI) opened at $58.24 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. British American Tobacco PLC has a twelve month low of $57.97 and a twelve month high of $73.41. The firm has a market cap of $133,910.00, a PE ratio of 3.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.09.
BTI has been the subject of several recent analyst reports. Citigroup cut shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. Zacks Investment Research cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Saturday, November 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.00.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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