AdvisorShares Investments LLC Purchases 17,798 Shares of British American Tobacco p.l.c. $BTI

AdvisorShares Investments LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 252.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,846 shares of the company’s stock after buying an additional 17,798 shares during the quarter. AdvisorShares Investments LLC’s holdings in British American Tobacco were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of British American Tobacco by 2,066.9% during the second quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock valued at $164,519,000 after acquiring an additional 3,315,589 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after purchasing an additional 2,482,737 shares during the period. Citigroup Inc. raised its position in British American Tobacco by 833.5% during the 2nd quarter. Citigroup Inc. now owns 2,121,918 shares of the company’s stock valued at $100,430,000 after purchasing an additional 1,894,617 shares during the last quarter. JPMorgan Chase & Co. raised its position in British American Tobacco by 201.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock valued at $130,078,000 after purchasing an additional 1,837,106 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in British American Tobacco by 35.1% in the 2nd quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock worth $253,496,000 after buying an additional 1,392,799 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Kepler Capital Markets assumed coverage on shares of British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating for the company. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Up 1.3%

NYSE:BTI opened at $62.79 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $63.03. The company’s 50-day simple moving average is $57.78 and its 200 day simple moving average is $55.64.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.