Wipfli Financial Advisors LLC Invests $125,000 in British American Tobacco p.l.c. (NYSE:BTI)

Wipfli Financial Advisors LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,487 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. BlackRock Inc. increased its stake in shares of British American Tobacco by 11.6% in the first quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock valued at $237,145,000 after buying an additional 582,790 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of British American Tobacco by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,290,017 shares of the company’s stock valued at $54,387,000 after buying an additional 8,692 shares during the period. Cetera Investment Advisers increased its stake in shares of British American Tobacco by 4.5% in the first quarter. Cetera Investment Advisers now owns 64,394 shares of the company’s stock valued at $2,715,000 after buying an additional 2,798 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of British American Tobacco in the first quarter valued at approximately $323,000. Finally, NewEdge Advisors LLC increased its stake in shares of British American Tobacco by 148.7% in the first quarter. NewEdge Advisors LLC now owns 18,870 shares of the company’s stock valued at $795,000 after buying an additional 11,283 shares during the period. Institutional investors and hedge funds own 6.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BTI shares. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. The Goldman Sachs Group downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 1st.

British American Tobacco Price Performance

British American Tobacco stock opened at $40.02 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $35.47 and a 52-week high of $47.24. The stock’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $39.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.88.

About British American Tobacco

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.