8,250 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,250 shares of the company’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its stake in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of British American Tobacco during the third quarter worth approximately $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco in the 3rd quarter worth $27,118,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Kize Capital LP acquired a new position in British American Tobacco during the second quarter worth $10,826,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 1.5 %

British American Tobacco stock traded down $0.54 during midday trading on Friday, hitting $36.20. 1,137,391 shares of the stock were exchanged, compared to its average volume of 2,309,781. 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 stock has a market capitalization of $79.99 billion, a price-to-earnings ratio of 7.56 and a beta of 0.52. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The business’s 50-day moving average price is $36.71 and its 200-day moving average price is $35.82.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays raised British American Tobacco to a “strong-buy” rating in a research note 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 on the stock. in a research report on Thursday, October 3rd.

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.