British American Tobacco p.l.c. (NYSE:BTI) is Adams Asset Advisors LLC’s 7th Largest Position

Adams Asset Advisors LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,516 shares of the company’s stock after acquiring an additional 16,992 shares during the period. British American Tobacco comprises about 1.9% of Adams Asset Advisors LLC’s holdings, making the stock its 7th largest holding. Adams Asset Advisors LLC’s holdings in British American Tobacco were worth $14,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BTI. FMR LLC raised its holdings in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of British American Tobacco in the 3rd quarter worth approximately $28,183,000. Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $27,118,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Kize Capital LP bought a new stake in shares of British American Tobacco during the 2nd quarter valued at $10,826,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays raised 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 Stock Down 1.8 %

Shares of NYSE BTI traded down $0.66 during midday trading on Monday, hitting $35.24. The stock had a trading volume of 5,461,561 shares, compared to its average volume of 2,997,214. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The company has a market cap of $77.87 billion, a P/E ratio of 7.36 and a beta of 0.52. The business’s 50 day moving average is $36.73 and its 200-day moving average is $35.90. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.