Oppenheimer Asset Management Inc. Boosts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Oppenheimer Asset Management Inc. grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,724 shares of the company’s stock after purchasing an additional 54,555 shares during the period. Oppenheimer Asset Management Inc.’s holdings in British American Tobacco were worth $7,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its stake in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after acquiring an additional 614,634 shares during the period. Kize Capital LP acquired a new position in British American Tobacco in the second quarter valued at $10,826,000. Gateway Investment Advisers LLC boosted its stake in British American Tobacco by 384.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after buying an additional 259,509 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of British American Tobacco during the 2nd quarter valued at about $6,153,000. Finally, Philip James Wealth Mangement LLC acquired a new stake in shares of British American Tobacco in the third quarter worth approximately $6,084,000. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BTI has been the topic of a number of research analyst reports. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays raised British American Tobacco to a “strong-buy” rating in a research 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 target price for the company. in a report on Thursday, October 3rd.

British American Tobacco Stock Up 0.2 %

Shares of British American Tobacco stock opened at $35.49 on Friday. The company has a fifty day moving average price of $36.26 and a 200 day moving average price of $34.05. 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 p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The stock has a market cap of $78.82 billion, a price-to-earnings ratio of 7.41 and a beta of 0.53.

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.