Independent Advisor Alliance Has $656,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Independent Advisor Alliance grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,937 shares of the company’s stock after purchasing an additional 1,803 shares during the period. Independent Advisor Alliance’s holdings in British American Tobacco were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after purchasing an additional 54,555 shares during the period. Bank of Montreal Can raised its holdings in shares of British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares during the period. Atria Investments Inc raised its holdings in shares of British American Tobacco by 19.5% during the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after purchasing an additional 12,150 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of British American Tobacco by 131.8% during the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Trading Up 0.6 %

BTI opened at $37.95 on Thursday. 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 company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company’s 50-day moving average is $35.90 and its 200 day moving average is $34.55.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTI shares. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd.

About British American Tobacco

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.