Thrivent Financial for Lutherans Boosts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Thrivent Financial for Lutherans lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 46.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,262 shares of the company’s stock after purchasing an additional 7,686 shares during the period. Thrivent Financial for Lutherans’ holdings in British American Tobacco were worth $887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Brien Greene & Co. Inc grew its holdings in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after buying an additional 289 shares during the last quarter. Grove Bank & Trust increased its stake in British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after purchasing an additional 314 shares in the last quarter. Greenleaf Trust raised its stake in shares of British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after buying an additional 376 shares during the last quarter. MADDEN SECURITIES Corp lifted its holdings in shares of British American Tobacco by 1.3% in the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock valued at $1,132,000 after purchasing an additional 400 shares in the last quarter. Finally, City State Bank grew its holdings in British American Tobacco by 26.6% during the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $37.73 on Tuesday. The company has a 50 day moving average price of $35.92 and a 200 day moving average price of $34.67. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

Several research firms have commented on BTI. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd.

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.