AdvisorShares Investments LLC Raises Stock Position in British American Tobacco p.l.c. $BTI

AdvisorShares Investments LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 252.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,846 shares of the company’s stock after purchasing an additional 17,798 shares during the quarter. AdvisorShares Investments LLC’s holdings in British American Tobacco were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of British American Tobacco by 35.2% in the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after purchasing an additional 7,270 shares during the period. Sivia Capital Partners LLC grew its position in British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after buying an additional 2,521 shares in the last quarter. US Bancorp DE increased its stake in British American Tobacco by 12.7% in the 2nd quarter. US Bancorp DE now owns 103,440 shares of the company’s stock worth $4,896,000 after acquiring an additional 11,636 shares during the last quarter. Callan Family Office LLC raised its holdings in shares of British American Tobacco by 245.2% in the 2nd quarter. Callan Family Office LLC now owns 30,875 shares of the company’s stock valued at $1,461,000 after acquiring an additional 21,931 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of British American Tobacco by 5.0% during the 2nd quarter. IFP Advisors Inc now owns 17,600 shares of the company’s stock valued at $833,000 after acquiring an additional 845 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BTI. Kepler Capital Markets started coverage on shares of British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Up 1.3%

BTI opened at $62.79 on Friday. British American Tobacco p.l.c. has a 12 month low of $37.31 and a 12 month high of $63.03. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $57.78 and its 200-day moving average price is $55.64.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.