Brookstone Capital Management Raises Position in British American Tobacco p.l.c. (NYSE:BTI)

Brookstone Capital Management grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,139 shares of the company’s stock after purchasing an additional 417 shares during the quarter. Brookstone Capital Management’s holdings in British American Tobacco were worth $1,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in British American Tobacco in the 4th quarter valued at $34,000. ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares during the period. Continuum Advisory LLC lifted its position in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position 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 worth $65,000 after purchasing an additional 1,351 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.3 %

Shares of NYSE:BTI opened at $35.82 on Thursday. The stock has a market capitalization of $79.15 billion, a PE ratio of 7.48 and a beta of 0.52. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm has a fifty day moving average price of $36.74 and a 200 day moving average price of $35.96. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

BTI has been the topic of several research reports. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

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.