OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Holdings in British American Tobacco p.l.c. $BTI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,631 shares of the company’s stock, valued at approximately $3,911,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in British American Tobacco in the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of British American Tobacco in the 2nd quarter worth approximately $44,000. CoreFirst Bank & Trust acquired a new stake in British American Tobacco in the 2nd quarter valued at $55,000. State of Wyoming bought a new stake in British American Tobacco in the first quarter valued at $57,000. Finally, UMB Bank n.a. boosted its stake in shares of British American Tobacco by 36.4% in the 2nd quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after purchasing an additional 366 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Monday, September 8th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $58.75 on Thursday. British American Tobacco p.l.c. has a 12 month low of $34.82 and a 12 month high of $59.29. The business has a fifty day simple moving average of $53.96 and a 200 day simple moving average of $52.89. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

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.