British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 35.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 207,724 shares of the company’s stock after purchasing an additional 54,555 shares during the period. Oppenheimer Asset Management Inc.’s holdings in British American Tobacco were worth $7,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BTI. Prime Capital Investment Advisors LLC increased its holdings in British American Tobacco by 7.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,222 shares of the company’s stock worth $301,000 after purchasing an additional 538 shares during the last quarter. First National Trust Co grew its position in shares of British American Tobacco by 46.0% during the third quarter. First National Trust Co now owns 33,989 shares of the company’s stock worth $1,243,000 after buying an additional 10,703 shares in the last quarter. Access Investment Management LLC increased its stake in shares of British American Tobacco by 48.4% in the third quarter. Access Investment Management LLC now owns 11,620 shares of the company’s stock worth $425,000 after buying an additional 3,790 shares during the last quarter. Catalytic Wealth RIA LLC boosted its stake in British American Tobacco by 5.6% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 11,519 shares of the company’s stock valued at $421,000 after acquiring an additional 614 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in British American Tobacco during the 3rd quarter worth $227,000. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $35.49 on Friday. The company has a market cap of $78.82 billion, a PE ratio of 7.41 and a beta of 0.53. 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 firm has a 50-day simple moving average of $36.26 and a 200 day simple moving average of $34.05. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

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

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.