Bleakley Financial Group LLC Raises Stake in British American Tobacco p.l.c. (NYSE:BTI)

Bleakley Financial Group LLC lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,682 shares of the company’s stock after buying an additional 2,239 shares during the quarter. Bleakley Financial Group LLC’s holdings in British American Tobacco were worth $1,269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Mather Group LLC. grew its holdings in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC lifted its holdings in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of British American Tobacco in the first quarter valued at about $46,000. Finally, GAMMA Investing LLC increased its stake in British American Tobacco by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd. Finally, StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Trading Down 2.5 %

Shares of BTI opened at $34.50 on Monday. The stock’s fifty day simple moving average is $36.90 and its 200 day simple moving average is $33.35. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $76.63 billion, a P/E ratio of 7.14 and a beta of 0.52.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, 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.