British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,459 shares of the company’s stock after buying an additional 514 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in British American Tobacco were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BTI. Natixis Advisors LLC raised its holdings in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after acquiring an additional 614,634 shares during the last quarter. Kize Capital LP acquired a new position in British American Tobacco in the second quarter valued at $10,826,000. Gateway Investment Advisers LLC lifted its position in British American Tobacco by 384.5% during the second quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after buying an additional 259,509 shares during the period. First Eagle Investment Management LLC grew its holdings in British American Tobacco by 42.5% in the 1st quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after buying an additional 215,305 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in shares of British American Tobacco during the 2nd quarter valued at about $6,153,000. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Trading Down 0.5 %

NYSE BTI opened at $34.47 on Monday. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company’s 50 day moving average price is $36.75 and its 200 day moving average price is $33.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BTI shares. 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 report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

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.