9,169 Shares in British American Tobacco p.l.c. $BTI Acquired by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,169 shares of the company’s stock, valued at approximately $536,000.

A number of other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in British American Tobacco by 35.2% during the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after purchasing an additional 7,270 shares during the period. Sivia Capital Partners LLC raised its position in shares of British American Tobacco by 42.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after buying an additional 2,521 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of British American Tobacco by 10.2% during the 2nd quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock worth $285,000 after acquiring an additional 559 shares during the period. Baird Financial Group Inc. boosted its position in shares of British American Tobacco by 58.6% during the 2nd quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock worth $703,000 after acquiring an additional 5,486 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of British American Tobacco by 5.4% during the 2nd quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock worth $756,000 after acquiring an additional 816 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Down 1.3%

NYSE BTI opened at $58.20 on Wednesday. The firm’s fifty day moving average price is $61.70 and its two-hundred day moving average price is $59.74. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30.

Analyst Upgrades and Downgrades

Several brokerages have commented on BTI. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Profile

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.