Bard Financial Services Inc. Increases Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Bard Financial Services Inc. raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 23.8% during the third quarter, HoldingsChannel reports. The firm owned 78,009 shares of the company’s stock after purchasing an additional 14,974 shares during the period. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $2,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. O Brien Greene & Co. Inc increased its stake in shares of British American Tobacco by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after acquiring an additional 289 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in British American Tobacco by 4.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after buying an additional 363 shares during the period. Gallacher Capital Management LLC raised its holdings in British American Tobacco by 3.8% in the 1st quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after buying an additional 402 shares during the period. Dearborn Partners LLC raised its holdings in British American Tobacco by 5.0% in the 1st quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after buying an additional 425 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in British American Tobacco by 6.3% in the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports 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. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Trading Up 0.5 %

NYSE:BTI traded up $0.18 on Friday, reaching $35.29. 3,097,630 shares of the company’s stock were exchanged, compared to its average volume of 4,889,623. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The firm has a market capitalization of $78.38 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 1.98 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $36.97 and a 200-day moving average of $32.97.

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.