Auxier Asset Management Grows Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Auxier Asset Management boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,596 shares of the company’s stock after purchasing an additional 12,800 shares during the period. Auxier Asset Management’s holdings in British American Tobacco were worth $7,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC grew its position in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after buying an additional 545 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after buying an additional 753 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of British American Tobacco during the 1st quarter worth about $46,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of British American Tobacco by 320.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after acquiring an additional 1,351 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

NYSE BTI opened at $37.94 on Friday. 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 stock’s fifty day moving average is $35.91 and its two-hundred day moving average is $34.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analysts Set New Price Targets

BTI has been the subject of a number of analyst reports. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research report on Thursday, October 3rd. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

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.