British American Tobacco PLC (BTI) Shares Bought by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. grew its position in shares of British American Tobacco PLC (NYSE:BTI) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,388 shares of the company’s stock after purchasing an additional 1,314 shares during the period. First Allied Advisory Services Inc.’s holdings in British American Tobacco were worth $1,097,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of BTI. FNY Managed Accounts LLC purchased a new stake in shares of British American Tobacco in the 4th quarter worth approximately $100,000. BB&T Investment Services Inc. grew its stake in shares of British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after buying an additional 1,395 shares during the last quarter. Delta Asset Management LLC TN grew its stake in shares of British American Tobacco by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after buying an additional 1,472 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $106,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 9.20% of the company’s stock.
Shares of British American Tobacco PLC (NYSE:BTI) opened at $62.49 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco PLC has a 52 week low of $60.15 and a 52 week high of $73.41.
BTI has been the topic of several recent research reports. Jefferies Group set a $78.00 price target on British American Tobacco and gave the stock a “buy” rating in a research note on Saturday, November 18th. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. British American Tobacco has an average rating of “Buy” and a consensus target price of $79.00.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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