Cornerstone Advisory LLC Boosts Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Cornerstone Advisory LLC increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 73.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,000 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Cornerstone Advisory LLC’s holdings in British American Tobacco were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Heritage Wealth Advisors purchased a new stake in shares of British American Tobacco during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust grew its position in British American Tobacco by 308.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after purchasing an additional 710 shares during the period. CoreFirst Bank & Trust raised its stake in British American Tobacco by 297.1% during the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after buying an additional 707 shares during the last quarter. HBC Financial Services PLLC bought a new position in shares of British American Tobacco during the 4th quarter valued at $29,000. Finally, Cape Investment Advisory Inc. boosted its stake in shares of British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares during the last quarter. 21.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.30 during trading hours on Monday, hitting $31.34. The company’s stock had a trading volume of 3,832,259 shares, compared to its average volume of 4,705,290. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. The business has a 50 day moving average price of $30.04 and a two-hundred day moving average price of $30.15. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $34.28.

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.