MML Investors Services LLC Buys 9,447 Shares of British American Tobacco p.l.c. (NYSE:BTI)

MML Investors Services LLC raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,443 shares of the company’s stock after purchasing an additional 9,447 shares during the period. MML Investors Services LLC’s holdings in British American Tobacco were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BTI. Oppenheimer Asset Management Inc. increased its holdings in British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares during the last quarter. Bank of Montreal Can raised its position in shares of British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares during the period. Cerity Partners LLC lifted its stake in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares in the last quarter. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco during the 3rd quarter valued at $27,118,000. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

British American Tobacco Trading Up 0.2 %

Shares of BTI stock opened at $37.65 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The business’s fifty day moving average is $36.08 and its 200 day moving average is $35.07. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

About British American Tobacco

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.