6,723 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by Pines Wealth Management LLC

Pines Wealth Management 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 6,723 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. O Brien Greene & Co. Inc boosted its stake in British American Tobacco by 1.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock valued at $529,000 after purchasing an additional 289 shares during the period. ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares during the period. First City Capital Management Inc. grew its stake in shares of British American Tobacco by 2.8% in the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after acquiring an additional 300 shares during the last quarter. Grove Bank & Trust raised its stake in British American Tobacco by 11.0% during the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after purchasing an additional 314 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in British American Tobacco by 1.8% in the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after purchasing an additional 376 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $35.82 on Thursday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. 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 firm has a market cap of $79.15 billion, a P/E ratio of 7.48 and a beta of 0.52. The firm’s 50-day simple moving average is $36.74 and its 200-day simple moving average is $35.96.

British American Tobacco Company 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.