British American Tobacco (NYSE:BTI – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other equities analysts have also recently commented on BTI. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.
Check Out Our Latest Report on BTI
British American Tobacco Stock Up 0.2 %
Institutional Investors Weigh In On British American Tobacco
A number of institutional investors and hedge funds have recently modified their holdings of the business. Pekin Hardy Strauss Inc. lifted its stake in shares of British American Tobacco by 30.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 61,229 shares of the company’s stock worth $2,240,000 after acquiring an additional 14,325 shares during the last quarter. Larson Financial Group LLC raised its position in British American Tobacco by 238.2% during the 3rd quarter. Larson Financial Group LLC now owns 12,003 shares of the company’s stock valued at $439,000 after purchasing an additional 8,454 shares in the last quarter. CMG Global Holdings LLC bought a new stake in British American Tobacco during the 3rd quarter valued at $324,000. Kingsview Wealth Management LLC bought a new stake in British American Tobacco during the 3rd quarter valued at $457,000. Finally, Cerity Partners LLC raised its position in British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after purchasing an additional 31,250 shares in the last quarter. 21.44% of the stock is owned by institutional investors.
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.
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