BluePath Capital Management LLC Boosts Holdings in British American Tobacco p.l.c. (NYSE:BTI)

BluePath Capital Management LLC raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 22.2% during the fourth quarter, Holdings Channel reports. The fund owned 22,407 shares of the company’s stock after buying an additional 4,075 shares during the period. BluePath Capital Management LLC’s holdings in British American Tobacco were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BTI. Park Avenue Securities LLC lifted its stake in British American Tobacco by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 33,622 shares of the company’s stock valued at $1,221,000 after purchasing an additional 620 shares during the last quarter. Kathmere Capital Management LLC lifted its position in shares of British American Tobacco by 12.4% during the 4th quarter. Kathmere Capital Management LLC now owns 61,518 shares of the company’s stock valued at $2,234,000 after buying an additional 6,786 shares during the last quarter. San Luis Wealth Advisors LLC grew its stake in shares of British American Tobacco by 16.8% during the 4th quarter. San Luis Wealth Advisors LLC now owns 24,291 shares of the company’s stock worth $882,000 after acquiring an additional 3,491 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in British American Tobacco in the 4th quarter worth about $275,000. Finally, Pines Wealth Management LLC purchased a new stake in British American Tobacco during the fourth quarter valued at about $241,000. 16.16% of the stock is owned by institutional investors.

British American Tobacco Trading Up 0.3 %

Shares of British American Tobacco stock opened at $35.82 on Thursday. The company’s 50-day moving average price is $36.74 and its 200-day moving average price is $35.96. The company has a market cap of $79.15 billion, a price-to-earnings ratio of 7.48 and a beta of 0.52. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd.

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.