Valicenti Advisory Services Inc. Raises Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Valicenti Advisory Services Inc. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 178,547 shares of the company’s stock after purchasing an additional 4,696 shares during the quarter. British American Tobacco makes up approximately 1.6% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 22nd largest position. Valicenti Advisory Services Inc.’s holdings in British American Tobacco were worth $6,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC raised its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares during the period. Public Employees Retirement System of Ohio bought a new position in British American Tobacco in the 3rd quarter worth about $28,183,000. Bridgewater Associates LP purchased a new position in shares of British American Tobacco during the third quarter valued at $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.8 %

Shares of British American Tobacco stock opened at $39.49 on Wednesday. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.70. 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 firm’s fifty day simple moving average is $37.01 and its 200-day simple moving average is $36.34.

Wall Street Analyst Weigh In

Several brokerages recently commented on BTI. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley lowered 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. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Check Out Our Latest Stock Report on BTI

British American Tobacco Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTIFree Report).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.