Wilmington Savings Fund Society FSB Purchases Shares of 7,106 British American Tobacco p.l.c. (NYSE:BTI)

Wilmington Savings Fund Society FSB purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,106 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after acquiring an additional 54,555 shares in the last quarter. Bank of Montreal Can increased its position in shares of British American Tobacco by 26.2% during the 2nd 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 last quarter. Cerity Partners LLC increased its position 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 purchasing an additional 31,250 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of British American Tobacco by 3,153.0% during 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 purchasing an additional 554,491 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI opened at $37.31 on Wednesday. The stock’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $35.23. 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 1 year low of $28.25 and a 1 year high of $39.54. The firm has a market cap of $77.58 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53.

Wall Street Analyst Weigh In

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

British American Tobacco 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.