International Assets Investment Management LLC Acquires New Shares in British American Tobacco p.l.c. (NYSE:BTI)

International Assets Investment Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 97,778 shares of the company’s stock, valued at approximately $35,770,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of British American Tobacco by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after acquiring an additional 23,626 shares in the last quarter. Atria Investments Inc grew its position in British American Tobacco by 19.5% in the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares in the last quarter. Russell Investments Group Ltd. increased its stake in British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after acquiring an additional 1,590 shares during the last quarter. Auxier Asset Management raised its position in British American Tobacco by 16.0% during the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after purchasing an additional 25,800 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in British American Tobacco during the first quarter worth about $732,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 1.3 %

BTI opened at $34.91 on Tuesday. The company has a market cap of $77.53 billion, a P/E ratio of 7.23 and a beta of 0.52. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The business’s 50-day moving average price is $36.73 and its 200-day moving average price is $33.57. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Analyst Ratings Changes

Several equities analysts have recently commented on BTI shares. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

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.