British American Tobacco p.l.c. $BTI Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 392,344 shares of the company’s stock after purchasing an additional 13,488 shares during the quarter. Cetera Investment Advisers’ holdings in British American Tobacco were worth $22,940,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Wealth High Governance Capital Ltda bought a new stake in shares of British American Tobacco in the 4th quarter worth approximately $6,911,000. Assetmark Inc. increased its holdings in shares of British American Tobacco by 4.3% in the fourth quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock valued at $31,588,000 after buying an additional 23,141 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of British American Tobacco by 284.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 26,274 shares of the company’s stock worth $1,488,000 after acquiring an additional 19,446 shares in the last quarter. M&T Bank Corp grew its holdings in shares of British American Tobacco by 74.6% in the 4th quarter. M&T Bank Corp now owns 102,703 shares of the company’s stock worth $5,815,000 after acquiring an additional 43,886 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of British American Tobacco by 1,039.9% during the first quarter. Bessemer Group Inc. now owns 27,130 shares of the company’s stock worth $1,586,000 after purchasing an additional 24,750 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.1%

Shares of British American Tobacco stock opened at $60.89 on Monday. British American Tobacco p.l.c. has a 12 month low of $49.88 and a 12 month high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $61.60 and a 200-day simple moving average of $60.01.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BTI shares. BTIG Research assumed coverage on British American Tobacco in a research report on Tuesday, July 21st. They issued a “buy” rating for the company. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, British American Tobacco presently has an average rating of “Moderate Buy” and an average price target of $51.00.

About British American Tobacco

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.