4,627 Shares in British American Tobacco p.l.c. $BTI Bought by FDx Advisors Inc.

FDx Advisors Inc. purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,627 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also recently bought and sold shares of the company. Mission Wealth Management LP lifted its holdings in shares of British American Tobacco by 2.1% during the 2nd quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock worth $513,000 after acquiring an additional 226 shares during the period. Michels Family Financial LLC raised its position in British American Tobacco by 1.3% during the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after purchasing an additional 249 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in British American Tobacco by 9.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after purchasing an additional 259 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of British American Tobacco by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock valued at $266,000 after purchasing an additional 262 shares in the last quarter. Finally, Gallacher Capital Management LLC increased its stake in shares of British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock valued at $485,000 after purchasing an additional 273 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on 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. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Monday, September 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $54.54 on Monday. British American Tobacco p.l.c. has a twelve month low of $34.82 and a twelve month high of $59.29. The company’s fifty day moving average is $53.24 and its 200 day moving average is $50.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.