Burney Co. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 9.9% in the 2nd quarter, Holdings Channel reports. The firm owned 13,608 shares of the company’s stock after purchasing an additional 1,221 shares during the period. Burney Co.’s holdings in British American Tobacco were worth $452,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BTI. BlackRock Inc. grew its holdings in British American Tobacco by 11.6% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of British American Tobacco by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,290,017 shares of the company’s stock valued at $54,387,000 after purchasing an additional 8,692 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of British American Tobacco by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 64,394 shares of the company’s stock valued at $2,715,000 after purchasing an additional 2,798 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of British American Tobacco in the 1st quarter valued at $323,000. Finally, NewEdge Advisors LLC lifted its stake in shares of British American Tobacco by 148.7% in the 1st quarter. NewEdge Advisors LLC now owns 18,870 shares of the company’s stock valued at $795,000 after purchasing an additional 11,283 shares during the last quarter. 7.56% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on BTI shares. Morgan Stanley started coverage on British American Tobacco in a research note on Wednesday, November 1st. They issued an “overweight” rating on the stock. StockNews.com began coverage on British American Tobacco in a report on Thursday, October 5th. They set a “buy” rating on the stock. Citigroup began coverage on British American Tobacco in a report on Monday, September 25th. They set a “buy” rating on the stock. Finally, Argus downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
British American Tobacco Trading Up 0.9 %
Shares of NYSE BTI opened at $31.47 on Friday. The stock’s 50-day moving average is $31.22 and its two-hundred day moving average is $32.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.93. British American Tobacco p.l.c. has a 1-year low of $28.92 and a 1-year high of $42.36.
About British American Tobacco
British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.
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