British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,853 shares of the company’s stock after buying an additional 880 shares during the period. Ballentine Partners LLC’s holdings in British American Tobacco were worth $431,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in British American Tobacco during the fourth quarter worth approximately $34,000. ORG Partners LLC boosted its holdings in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the 4th quarter valued at $44,000. Creative Financial Designs Inc. ADV lifted its position in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after acquiring an additional 748 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Performance

NYSE BTI opened at $37.02 on Friday. The firm has a market cap of $81.79 billion, a P/E ratio of 7.40 and a beta of 0.52. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The business’s 50-day moving average price is $36.85 and its 200 day moving average price is $36.13. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

About British American Tobacco

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.