Pines Wealth Management LLC Buys Shares of 6,723 British American Tobacco p.l.c. (NYSE:BTI)

Pines Wealth Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,723 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers grew its stake in British American Tobacco by 41.8% during the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after acquiring an additional 1,490 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in British American Tobacco by 76.4% during the second quarter. Brown Brothers Harriman & Co. now owns 4,237 shares of the company’s stock valued at $131,000 after purchasing an additional 1,835 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in British American Tobacco by 9.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 122,900 shares of the company’s stock valued at $3,801,000 after buying an additional 10,138 shares during the period. Moors & Cabot Inc. lifted its position in British American Tobacco by 3.9% in the 2nd quarter. Moors & Cabot Inc. now owns 82,098 shares of the company’s stock worth $2,539,000 after buying an additional 3,048 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of British American Tobacco by 34.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 120,365 shares of the company’s stock valued at $3,723,000 after acquiring an additional 31,129 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

NYSE BTI opened at $35.82 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 stock’s 50-day moving average is $36.74 and its two-hundred day moving average is $35.96. The firm has a market cap of $79.15 billion, a P/E ratio of 7.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analysts Set New Price Targets

A number of analysts recently issued reports on BTI shares. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Company 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.