HF Advisory Group LLC Has $1.47 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

HF Advisory Group LLC lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,062 shares of the company’s stock after selling 1,308 shares during the quarter. HF Advisory Group LLC’s holdings in British American Tobacco were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of British American Tobacco by 109.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock valued at $389,000 after acquiring an additional 6,660 shares during the period. First Trust Direct Indexing L.P. bought a new stake in British American Tobacco during the 1st quarter worth about $222,000. Private Advisor Group LLC lifted its position in British American Tobacco by 22.1% during the 1st quarter. Private Advisor Group LLC now owns 32,007 shares of the company’s stock valued at $976,000 after purchasing an additional 5,803 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of British American Tobacco in the 1st quarter valued at about $328,000. Finally, BNP Paribas Financial Markets grew its position in shares of British American Tobacco by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after buying an additional 5,068 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Up 1.0 %

British American Tobacco stock opened at $35.45 on Wednesday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a market capitalization of $78.74 billion, a price-to-earnings ratio of 7.45 and a beta of 0.53. The company’s 50 day simple moving average is $36.53 and its 200 day simple moving average is $33.83.

Analysts Set New Price Targets

Several brokerages recently weighed in on BTI. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a research note 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.