Foundations Investment Advisors LLC Purchases 13,298 Shares of British American Tobacco p.l.c. $BTI

Foundations Investment Advisors LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 127.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 23,721 shares of the company’s stock after buying an additional 13,298 shares during the period. Foundations Investment Advisors LLC’s holdings in British American Tobacco were worth $1,343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC bought a new position in shares of British American Tobacco in the 3rd quarter worth $1,612,000. Truist Financial Corp boosted its position in shares of British American Tobacco by 6.0% in the 3rd quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock worth $22,680,000 after purchasing an additional 24,114 shares during the last quarter. AdvisorShares Investments LLC boosted its position in shares of British American Tobacco by 252.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock worth $1,319,000 after purchasing an additional 17,798 shares during the last quarter. Capital World Investors boosted its position in shares of British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after purchasing an additional 9,397,693 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of British American Tobacco by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,023,917 shares of the company’s stock worth $160,510,000 after purchasing an additional 231,659 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent research reports. Weiss Ratings lowered British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Down 1.9%

Shares of British American Tobacco stock opened at $61.72 on Friday. British American Tobacco p.l.c. has a 12 month low of $44.58 and a 12 month high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $59.96 and its 200 day simple moving average is $58.83.

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.