Bleakley Financial Group LLC Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Bleakley Financial Group LLC raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,682 shares of the company’s stock after purchasing an additional 2,239 shares during the period. Bleakley Financial Group LLC’s holdings in British American Tobacco were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BTI. GAMMA Investing LLC lifted its position in British American Tobacco by 79.3% during the first quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares during the period. Ballentine Partners LLC purchased a new stake in British American Tobacco in the 1st quarter worth approximately $210,000. AdvisorNet Financial Inc grew its stake in shares of British American Tobacco by 3.6% during the 1st quarter. AdvisorNet Financial Inc now owns 57,109 shares of the company’s stock worth $1,742,000 after purchasing an additional 2,011 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in British American Tobacco by 16.5% during the first quarter. Key Client Fiduciary Advisors LLC now owns 15,759 shares of the company’s stock worth $481,000 after buying an additional 2,227 shares in the last quarter. Finally, Viking Fund Management LLC boosted its position in British American Tobacco by 1.5% during the first quarter. Viking Fund Management LLC now owns 179,500 shares of the company’s stock worth $5,475,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BTI. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday.

British American Tobacco Trading Down 2.5 %

NYSE BTI opened at $34.50 on Monday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The firm has a 50 day simple moving average of $36.90 and a 200-day simple moving average of $33.35. 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 firm has a market cap of $76.63 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52.

About British American Tobacco

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.