Creative Planning Acquires 35,661 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Creative Planning increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 32.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 143,916 shares of the company’s stock after purchasing an additional 35,661 shares during the period. Creative Planning’s holdings in British American Tobacco were worth $5,264,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BTI. Larson Financial Group LLC boosted 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 acquiring an additional 610 shares during the last quarter. Mather Group LLC. boosted 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 acquiring an additional 1,177 shares during the last quarter. Addison Advisors LLC boosted 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 acquiring an additional 545 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in British American Tobacco during the first quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC boosted its position in British American Tobacco by 320.9% during the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after acquiring an additional 1,351 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Price Performance

Shares of NYSE BTI opened at $34.65 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The stock has a market cap of $76.95 billion, a price-to-earnings ratio of 7.17 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The firm’s 50-day simple moving average is $36.81 and its 200 day simple moving average is $33.43.

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.