Meritage Portfolio Management Has $3.72 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Meritage Portfolio Management decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 102,439 shares of the company’s stock after selling 7,518 shares during the quarter. Meritage Portfolio Management’s holdings in British American Tobacco were worth $3,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of British American Tobacco by 3.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,576 shares of the company’s stock valued at $513,000 after acquiring an additional 618 shares during the last quarter. AQR Capital Management LLC bought a new position in British American Tobacco in the second quarter valued at $408,000. Cetera Investment Advisers increased its position in shares of British American Tobacco by 5.7% in the second quarter. Cetera Investment Advisers now owns 220,403 shares of the company’s stock valued at $6,817,000 after acquiring an additional 11,938 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of British American Tobacco by 69.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,494 shares of the company’s stock worth $128,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of British American Tobacco by 22.3% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,867 shares of the company’s stock valued at $434,000 after acquiring an additional 2,166 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTI has been the topic of several research reports. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

BTI opened at $40.22 on Wednesday. The business’s fifty day moving average is $37.25 and its 200-day moving average is $36.59. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $40.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

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.