Optimist Retirement Group LLC Buys 5,263 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Optimist Retirement Group LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,866 shares of the company’s stock after acquiring an additional 5,263 shares during the period. British American Tobacco accounts for about 1.0% of Optimist Retirement Group LLC’s investment portfolio, making the stock its 28th largest position. Optimist Retirement Group LLC’s holdings in British American Tobacco were worth $1,975,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BTI. Heritage Wealth Advisors purchased a new position in shares of British American Tobacco during the 4th quarter valued at $26,000. Larson Financial Group LLC boosted its stake in shares of British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the period. Cape Investment Advisory Inc. grew its position in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares in the last quarter. Mather Group LLC. raised its stake in British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in British American Tobacco by 83.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $37.87 on Thursday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business has a 50-day moving average price of $36.08 and a 200-day moving average price of $32.42.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Company 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.