HCR Wealth Advisors purchased a new position in British American Tobacco PLC (NYSE:BTI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,773 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in British American Tobacco by 2.9% in the second quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock worth $1,678,000 after buying an additional 948 shares during the last quarter. Assetmark Inc. lifted its position in British American Tobacco by 44.6% in the second quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after buying an additional 962 shares during the last quarter. OmniStar Financial Group Inc. lifted its position in British American Tobacco by 13.4% in the second quarter. OmniStar Financial Group Inc. now owns 8,529 shares of the company’s stock worth $430,000 after buying an additional 1,005 shares during the last quarter. Wedbush Securities Inc. lifted its position in British American Tobacco by 25.8% in the second quarter. Wedbush Securities Inc. now owns 4,976 shares of the company’s stock worth $251,000 after buying an additional 1,021 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in British American Tobacco by 18.5% in the second quarter. Sigma Planning Corp now owns 6,957 shares of the company’s stock worth $351,000 after buying an additional 1,088 shares during the last quarter. Institutional investors own 7.54% of the company’s stock.

A number of analysts recently issued reports on the company. DZ Bank restated a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Sanford C. Bernstein began coverage on British American Tobacco in a research report on Tuesday, October 16th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. UBS Group downgraded British American Tobacco from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Royal Bank of Canada downgraded British American Tobacco to an “underperform” rating in a research report on Monday, September 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.00.

NYSE:BTI opened at $34.54 on Monday. British American Tobacco PLC has a twelve month low of $34.34 and a twelve month high of $71.44. The firm has a market cap of $73.60 billion, a PE ratio of 9.39 and a beta of 0.96. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69.

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British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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