9,188 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by Good Life Advisors LLC

Good Life Advisors LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,188 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds also recently made changes to their positions in BTI. Larson Financial Group LLC raised its position in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Mather Group LLC. raised its position in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC raised its position in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of British American Tobacco during the first quarter valued at approximately $46,000. Finally, City State Bank grew its stake in shares of British American Tobacco by 5,016.7% during the first quarter. City State Bank now owns 1,535 shares of the company’s stock valued at $47,000 after buying an additional 1,505 shares during the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BTI shares. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday. Finally, StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Stock Performance

Shares of BTI stock opened at $34.50 on Friday. The firm has a market capitalization of $76.63 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business has a fifty day moving average of $36.90 and a 200 day moving average of $33.33. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

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.