Bard Financial Services Inc. Has $3.91 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Bard Financial Services Inc. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,635 shares of the company’s stock after purchasing an additional 13,426 shares during the period. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $3,909,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC raised its position in British American Tobacco by 17.8% in the fourth quarter. CWA Asset Management Group LLC now owns 42,313 shares of the company’s stock valued at $1,537,000 after purchasing an additional 6,401 shares during the last quarter. GAMMA Investing LLC boosted its position in British American Tobacco by 50.8% during the 4th quarter. GAMMA Investing LLC now owns 5,270 shares of the company’s stock worth $191,000 after buying an additional 1,776 shares during the period. Versant Capital Management Inc bought a new stake in British American Tobacco during the 4th quarter worth approximately $34,000. Garden State Investment Advisory Services LLC bought a new position in shares of British American Tobacco during the third quarter valued at $286,000. Finally, Logan Capital Management Inc. lifted its holdings in shares of British American Tobacco by 3.3% during the third quarter. Logan Capital Management Inc. now owns 127,404 shares of the company’s stock worth $4,660,000 after purchasing an additional 4,120 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the topic of a number of recent analyst reports. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, 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 research report on Thursday, October 3rd.

British American Tobacco Trading Up 0.4 %

Shares of NYSE:BTI traded up $0.16 during mid-day trading on Monday, hitting $37.15. The company had a trading volume of 1,666,993 shares, compared to its average volume of 1,926,809. The company has a market capitalization of $82.09 billion, a PE ratio of 7.76 and a beta of 0.52. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The firm has a fifty day moving average price of $36.54 and a 200 day moving average price of $35.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

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.