Sittner & Nelson LLC Purchases New Stake in British American Tobacco p.l.c. (NYSE:BTI)

Sittner & Nelson LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,250 shares of the company’s stock, valued at approximately $192,000.

Several other institutional investors have also recently bought and sold shares of BTI. Allspring Global Investments Holdings LLC raised its stake in 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 acquiring an additional 6,660 shares in the last quarter. Private Advisor Group LLC raised its stake in 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 in the last quarter. BNP Paribas Financial Markets raised its stake in British American Tobacco by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after acquiring an additional 5,068 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in British American Tobacco by 11.6% during the first quarter. Janney Montgomery Scott LLC now owns 117,624 shares of the company’s stock worth $3,588,000 after acquiring an additional 12,216 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research reports. StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley cut 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.

British American Tobacco Stock Down 0.7 %

Shares of BTI stock opened at $35.40 on Friday. The business’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $33.85. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

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.