British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by First City Capital Management Inc.

First City Capital Management Inc. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,890 shares of the company’s stock after acquiring an additional 300 shares during the quarter. First City Capital Management Inc.’s holdings in British American Tobacco were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BTI. BNP Paribas Financial Markets increased its holdings in shares of British American Tobacco by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after buying an additional 5,068 shares during the last quarter. Sei Investments Co. raised its position in British American Tobacco by 7.0% in the first quarter. Sei Investments Co. now owns 176,387 shares of the company’s stock valued at $5,381,000 after purchasing an additional 11,546 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of British American Tobacco by 12.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 51,403 shares of the company’s stock worth $1,568,000 after purchasing an additional 5,557 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of British American Tobacco by 25.0% during the 1st quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock worth $14,887,000 after purchasing an additional 97,556 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd.

British American Tobacco Trading Up 0.8 %

BTI stock opened at $36.69 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company’s 50 day moving average is $36.11 and its two-hundred day moving average is $34.22.

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.