Massachusetts Financial Services Co. MA Acquires 5,900 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Massachusetts Financial Services Co. MA lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 128,800 shares of the company’s stock after purchasing an additional 5,900 shares during the period. Massachusetts Financial Services Co. MA’s holdings in British American Tobacco were worth $4,712,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Mather Group LLC. boosted its stake in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC grew its stake 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 purchasing an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of British American Tobacco in the 1st quarter valued at approximately $46,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after buying an additional 1,351 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 1.0 %

Shares of BTI opened at $37.71 on Wednesday. The company’s 50-day moving average is $35.90 and its 200-day moving average is $34.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Analyst Ratings Changes

A number of analysts have commented on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley cut 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 cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.