Integrity Alliance LLC. Purchases Shares of 9,422 British American Tobacco p.l.c. $BTI

Integrity Alliance LLC. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,422 shares of the company’s stock, valued at approximately $533,000.

Several other large investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC grew its stake in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after purchasing an additional 170 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in British American Tobacco by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after purchasing an additional 181 shares during the last quarter. NewEdge Wealth LLC grew its stake in British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock valued at $3,323,000 after purchasing an additional 187 shares during the last quarter. Sage Rhino Capital LLC grew its stake in British American Tobacco by 3.2% during the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock valued at $405,000 after purchasing an additional 219 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of British American Tobacco by 2.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock worth $612,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Trading Down 1.9%

Shares of BTI opened at $61.72 on Friday. British American Tobacco p.l.c. has a 52 week low of $44.58 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The stock’s 50-day moving average price is $59.96 and its 200-day moving average price is $58.83.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.