British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,584 shares of the company’s stock after buying an additional 1,099 shares during the quarter. Crescent Grove Advisors LLC’s holdings in British American Tobacco were worth $2,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Allspring Global Investments Holdings LLC lifted its position in shares of British American Tobacco by 109.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock worth $389,000 after purchasing an additional 6,660 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of British American Tobacco during the first quarter valued at about $222,000. Private Advisor Group LLC increased its position in shares of British American Tobacco by 22.1% during the first quarter. Private Advisor Group LLC now owns 32,007 shares of the company’s stock worth $976,000 after acquiring an additional 5,803 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of British American Tobacco in the first quarter worth about $328,000. Finally, BNP Paribas Financial Markets boosted its holdings in British American Tobacco by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock valued at $466,000 after purchasing an additional 5,068 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Up 1.0 %

Shares of NYSE BTI opened at $35.45 on Wednesday. The stock has a market capitalization of $78.74 billion, a P/E ratio of 7.45 and a beta of 0.53. The stock’s 50 day moving average price is $36.53 and its two-hundred day moving average price is $33.83. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54.

Analysts Set New Price Targets

A number of brokerages have issued reports on BTI. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. 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 report on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

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.