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Stephens Inc. AR lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,723 shares of the company’s stock after acquiring an additional 26,258 shares during the quarter. Stephens Inc. AR’s holdings in British American Tobacco were worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in BTI. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of British American Tobacco during the 2nd quarter valued at $29,000. Rise Advisors LLC acquired a new position in British American Tobacco in the 2nd quarter worth $34,000. ACG Wealth acquired a new position in British American Tobacco in the 2nd quarter worth $39,000. Goodman Advisory Group LLC acquired a new position in British American Tobacco in the 2nd quarter worth $45,000. Finally, Tsfg LLC lifted its holdings in British American Tobacco by 160.0% in the 3rd quarter. Tsfg LLC now owns 1,300 shares of the company’s stock worth $46,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 6.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. The Goldman Sachs Group lowered shares of British American Tobacco from a “buy” rating to a “neutral” rating in a report on Tuesday, November 1st. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, November 11th.
British American Tobacco Stock Performance
Shares of British American Tobacco stock opened at $38.40 on Tuesday. The firm’s 50-day simple moving average is $40.19 and its 200-day simple moving average is $39.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1 year low of $35.47 and a 1 year high of $47.24.
About British American Tobacco
(Get Rating)
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.
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Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI – Get Rating).
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