Mediolanum International Funds Ltd Acquires Shares of 9,296 British American Tobacco p.l.c. (NYSE:BTI)

Mediolanum International Funds Ltd purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,296 shares of the company’s stock, valued at approximately $345,000.

Several other hedge funds have also bought and sold shares of BTI. Larson Financial Group LLC grew 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 buying an additional 610 shares during the period. Mather Group LLC. grew its position in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC increased its stake in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in British American Tobacco during the first quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC grew its holdings in British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analyst Ratings Changes

BTI has been the topic of a number of recent analyst reports. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

British American Tobacco stock opened at $34.47 on Monday. The company has a fifty day simple moving average of $36.75 and a 200-day simple moving average of $33.53. 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 firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54.

British American Tobacco 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.