Rossby Financial LCC Boosts Stock Position in British American Tobacco p.l.c. $BTI

Rossby Financial LCC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,889 shares of the company’s stock after acquiring an additional 410 shares during the period. Rossby Financial LCC’s holdings in British American Tobacco were worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTI. Michels Family Financial LLC raised its stake in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after buying an additional 249 shares in the last quarter. Applied Capital LLC FL raised its stake in shares of British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock worth $963,000 after buying an additional 257 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of British American Tobacco by 9.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after buying an additional 259 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock worth $266,000 after buying an additional 262 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of British American Tobacco by 2.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock worth $485,000 after buying an additional 273 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BTI has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Jefferies Financial Group started coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco presently has an average rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Up 0.8%

NYSE BTI opened at $52.51 on Wednesday. British American Tobacco p.l.c. has a 1-year low of $34.24 and a 1-year high of $59.29. The business has a 50 day moving average price of $54.03 and a 200 day moving average price of $50.14. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

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.