Public Employees Retirement System of Ohio Invests $28.18 Million in British American Tobacco p.l.c. (NYSE:BTI)

Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 770,436 shares of the company’s stock, valued at approximately $28,183,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTI. Addison Advisors LLC increased its holdings in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in British American Tobacco by 320.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after purchasing an additional 1,351 shares in the last quarter. City State Bank raised its position in British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the period. Finally, HHM Wealth Advisors LLC lifted its position in British American Tobacco by 156.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 3,018 shares of the company’s stock worth $93,000 after acquiring an additional 1,839 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.2 %

Shares of British American Tobacco stock opened at $37.88 on Tuesday. 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 fifty day moving average price of $35.93 and a two-hundred day moving average price of $34.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

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

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.