British American Tobacco (NYSE:BTI) Sees Large Volume Increase – Still a Buy?

Shares of British American Tobacco p.l.c. (NYSE:BTI) saw strong trading volume on Monday . 5,546,716 shares traded hands during trading, an increase of 83% from the previous session’s volume of 3,037,957 shares.The stock last traded at $35.21 and had previously closed at $35.90.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd.

British American Tobacco Stock Up 0.3 %

The company has a market capitalization of $79.15 billion, a P/E ratio of 7.48 and a beta of 0.52. The firm’s 50 day moving average price is $36.74 and its two-hundred day moving average price is $35.96. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently made changes to their positions in the business. Aaron Wealth Advisors LLC grew its stake in shares of British American Tobacco by 12.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,360 shares of the company’s stock worth $485,000 after acquiring an additional 1,490 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of British American Tobacco by 21.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 12,045 shares of the company’s stock worth $437,000 after acquiring an additional 2,146 shares in the last quarter. Financial & Tax Architects LLC grew its stake in shares of British American Tobacco by 13.0% during the 4th quarter. Financial & Tax Architects LLC now owns 16,199 shares of the company’s stock worth $588,000 after acquiring an additional 1,864 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of British American Tobacco by 274.0% in the fourth quarter. Brooklyn Investment Group now owns 1,541 shares of the company’s stock valued at $56,000 after buying an additional 1,129 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of British American Tobacco by 11.8% in the fourth quarter. Ritholtz Wealth Management now owns 174,231 shares of the company’s stock valued at $6,328,000 after buying an additional 18,410 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

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.