British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Viking Fund Management LLC

Viking Fund Management LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 1.5% during the first quarter, Holdings Channel.com reports. The fund owned 179,500 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Viking Fund Management LLC’s holdings in British American Tobacco were worth $5,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new stake in British American Tobacco in the 4th quarter valued at $26,000. Parkside Financial Bank & Trust grew its stake in British American Tobacco by 308.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock valued at $28,000 after acquiring an additional 710 shares during the period. CoreFirst Bank & Trust grew its stake in British American Tobacco by 297.1% in the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after acquiring an additional 707 shares during the period. HBC Financial Services PLLC acquired a new stake in British American Tobacco in the 4th quarter valued at $29,000. Finally, Cape Investment Advisory Inc. grew its stake in British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.7 %

BTI traded down $0.23 on Thursday, hitting $31.62. 2,687,026 shares of the company’s stock were exchanged, compared to its average volume of 4,681,148. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $34.28. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $30.62 and a 200-day moving average price of $30.13.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

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.