British American Tobacco p.l.c. (NYSE:BTI) Position Boosted by M&T Bank Corp

M&T Bank Corp raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,805 shares of the company’s stock after buying an additional 1,163 shares during the quarter. M&T Bank Corp’s holdings in British American Tobacco were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Addison Advisors LLC boosted its holdings in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after buying an additional 748 shares during the period. Bruce G. Allen Investments LLC raised its stake in British American Tobacco by 320.9% during the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after acquiring an additional 1,351 shares during the period. Finally, City State Bank lifted its holdings in British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI opened at $37.65 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $36.08 and its 200-day moving average is $35.10. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BTI shares. Morgan Stanley cut 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. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.