Cherokee Insurance Co Buys Shares of 59,176 British American Tobacco p.l.c. $BTI

Cherokee Insurance Co purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 59,176 shares of the company’s stock, valued at approximately $2,801,000.

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Bank of New York Mellon Corp raised its stake in shares of British American Tobacco by 41.9% in the first quarter. Bank of New York Mellon Corp now owns 193,292 shares of the company’s stock valued at $7,996,000 after buying an additional 57,084 shares during the period. Cerity Partners LLC raised its stake in British American Tobacco by 8.2% in the 1st quarter. Cerity Partners LLC now owns 53,537 shares of the company’s stock valued at $2,215,000 after acquiring an additional 4,039 shares during the period. Bleakley Financial Group LLC raised its stake in British American Tobacco by 24.0% in the 1st quarter. Bleakley Financial Group LLC now owns 36,693 shares of the company’s stock valued at $1,518,000 after acquiring an additional 7,111 shares during the period. Apollon Wealth Management LLC bought a new position in British American Tobacco during the first quarter worth about $235,000. Finally, Massachusetts Financial Services Co. MA boosted its position in British American Tobacco by 23.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 168,505 shares of the company’s stock worth $6,971,000 after purchasing an additional 31,920 shares during the period. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on BTI shares. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. 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 report on Monday, September 8th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Up 0.1%

Shares of NYSE BTI opened at $55.81 on Thursday. The stock’s 50-day simple moving average is $53.24 and its two-hundred day simple moving average is $51.01. British American Tobacco p.l.c. has a twelve month low of $34.82 and a twelve month high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

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.