D Orazio & Associates Inc. Raises Holdings in British American Tobacco p.l.c. (NYSE:BTI)

D Orazio & Associates Inc. lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 70.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,912 shares of the company’s stock after purchasing an additional 4,913 shares during the period. D Orazio & Associates Inc.’s holdings in British American Tobacco were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Capital World Investors boosted its position in British American Tobacco by 0.4% during the first quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock worth $117,009,000 after acquiring an additional 13,643 shares during the last quarter. Natixis Advisors LLC boosted its position in British American Tobacco by 29.9% during the second 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 last quarter. Raymond James & Associates boosted its position in British American Tobacco by 1.9% during the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after acquiring an additional 43,006 shares during the last quarter. First Eagle Investment Management LLC boosted its position in British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock worth $24,109,000 after acquiring an additional 57,016 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in British American Tobacco by 25.0% during the first quarter. Osaic Holdings Inc. now owns 487,983 shares of the company’s stock worth $14,887,000 after acquiring an additional 97,556 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTI. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley lowered 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 report on Thursday, October 3rd.

British American Tobacco Price Performance

Shares of BTI traded up $0.11 during mid-day trading on Wednesday, reaching $35.35. The company had a trading volume of 1,046,386 shares, compared to its average volume of 4,767,113. The firm has a fifty day simple moving average of $36.31 and a 200-day simple moving average of $34.04. 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 company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

About British American Tobacco

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.