Foundations Investment Advisors LLC Has $5.48 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Foundations Investment Advisors LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,771 shares of the company’s stock after acquiring an additional 19,345 shares during the quarter. Foundations Investment Advisors LLC’s holdings in British American Tobacco were worth $5,479,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in British American Tobacco by 28.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 4,131 shares of the company’s stock worth $151,000 after acquiring an additional 927 shares in the last quarter. Whittier Trust Co. raised its stake in British American Tobacco by 7.6% during the third quarter. Whittier Trust Co. now owns 16,063 shares of the company’s stock worth $587,000 after acquiring an additional 1,136 shares in the last quarter. Arlington Partners LLC raised its stake in British American Tobacco by 12.4% during the third quarter. Arlington Partners LLC now owns 115,882 shares of the company’s stock worth $4,239,000 after acquiring an additional 12,803 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in British American Tobacco by 22.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock worth $719,000 after acquiring an additional 3,638 shares in the last quarter. Finally, OLD National Bancorp IN raised its stake in British American Tobacco by 4.9% during the third quarter. OLD National Bancorp IN now owns 21,214 shares of the company’s stock worth $776,000 after acquiring an additional 993 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BTI. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Price Performance

British American Tobacco stock opened at $34.90 on Wednesday. The business’s 50-day simple moving average is $36.84 and its 200 day simple moving average is $33.42. The stock has a market cap of $77.51 billion, a price-to-earnings ratio of 7.22 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 quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.