Red Door Wealth Management LLC Buys Shares of 5,521 British American Tobacco p.l.c. (NYSE:BTI)

Red Door Wealth Management LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,521 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. ORG Partners LLC increased its position in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after purchasing an additional 299 shares during the period. First City Capital Management Inc. increased its holdings in British American Tobacco by 2.8% during the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock valued at $398,000 after buying an additional 300 shares during the period. Grove Bank & Trust raised its stake in British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after buying an additional 314 shares in the last quarter. Greenleaf Trust boosted its position in British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after acquiring an additional 376 shares in the last quarter. Finally, MADDEN SECURITIES Corp increased its holdings in shares of British American Tobacco by 1.3% in the 3rd quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock valued at $1,132,000 after acquiring an additional 400 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BTI. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Stock Up 2.4 %

Shares of NYSE:BTI opened at $37.93 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $36.88 and its 200 day moving average is $36.14. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

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.