Synovus Financial Corp Makes New $201,000 Investment in British American Tobacco p.l.c. (NYSE:BTI)

Synovus Financial Corp acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTIGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,687 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in British American Tobacco in the second quarter valued at $29,000. GoalVest Advisory LLC purchased a new stake in British American Tobacco in the second quarter valued at $30,000. Tcwp LLC purchased a new stake in British American Tobacco in the first quarter valued at $33,000. Rise Advisors LLC purchased a new stake in British American Tobacco in the second quarter valued at $34,000. Finally, ACG Wealth purchased a new stake in British American Tobacco in the second quarter valued at $39,000. Institutional investors and hedge funds own 6.70% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $39.68 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. British American Tobacco p.l.c. has a 12-month low of $33.62 and a 12-month high of $47.24. The business’s fifty day moving average price is $38.05 and its 200 day moving average price is $40.46.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. The Goldman Sachs Group downgraded British American Tobacco from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 1st.

British American Tobacco Company Profile

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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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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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