39,647 Shares in British American Tobacco p.l.c. (NYSE:BTI) Acquired by Range Financial Group LLC

Range Financial Group LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 39,647 shares of the company’s stock, valued at approximately $1,440,000.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the fourth quarter worth $34,000. Creative Financial Designs Inc. ADV lifted its stake in British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the period. Continuum Advisory LLC boosted its holdings in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after acquiring an additional 748 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of 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 worth $65,000 after acquiring an additional 1,351 shares during the period. Finally, City State Bank lifted its position in British American Tobacco by 26.6% during the third quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BTI shares. 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 raised shares of British American Tobacco to a “strong-buy” rating in a 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 Price Performance

Shares of BTI traded down $0.19 during mid-day trading on Tuesday, hitting $36.78. 2,647,096 shares of the company were exchanged, compared to its average volume of 2,542,673. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The stock has a market cap of $81.27 billion, a price-to-earnings ratio of 7.68 and a beta of 0.52. The company has a 50 day moving average of $36.58 and a 200-day moving average of $35.77.

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.