Financial & Tax Architects LLC Raises Stake in British American Tobacco p.l.c. (NYSE:BTI)

Financial & Tax Architects LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,199 shares of the company’s stock after purchasing an additional 1,864 shares during the period. Financial & Tax Architects LLC’s holdings in British American Tobacco were worth $588,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in shares of British American Tobacco by 274.0% in the 4th quarter. Brooklyn Investment Group now owns 1,541 shares of the company’s stock worth $56,000 after acquiring an additional 1,129 shares during the period. Ritholtz Wealth Management lifted its stake in shares of British American Tobacco by 11.8% in the 4th quarter. Ritholtz Wealth Management now owns 174,231 shares of the company’s stock worth $6,328,000 after acquiring an additional 18,410 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of British American Tobacco by 21.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 312,703 shares of the company’s stock worth $11,357,000 after acquiring an additional 55,078 shares during the period. BluePath Capital Management LLC lifted its stake in shares of British American Tobacco by 22.2% in the 4th quarter. BluePath Capital Management LLC now owns 22,407 shares of the company’s stock worth $792,000 after acquiring an additional 4,075 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of British American Tobacco by 1.9% in the 4th quarter. Park Avenue Securities LLC now owns 33,622 shares of the company’s stock worth $1,221,000 after acquiring an additional 620 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of NYSE BTI traded up $0.43 during midday trading on Friday, hitting $36.32. The company had a trading volume of 3,859,219 shares, compared to its average volume of 2,359,226. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The business has a 50-day simple moving average of $36.75 and a two-hundred day simple moving average of $35.96.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BTI. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd.

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.