Arete Wealth Advisors LLC Has $229,000 Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Arete Wealth Advisors LLC lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,284 shares of the company’s stock after selling 1,251 shares during the quarter. Arete Wealth Advisors LLC’s holdings in British American Tobacco were worth $229,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC lifted its stake in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the period. Continuum Advisory LLC increased its position in British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after buying an additional 1,351 shares during the period. Finally, City State Bank boosted its stake in shares of British American Tobacco by 26.6% during the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after acquiring an additional 400 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.2 %

BTI opened at $37.65 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business has a fifty day simple moving average of $36.08 and a 200 day simple moving average of $35.10. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

Analysts Set New Price Targets

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

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.