IFP Advisors Inc Grows Position in British American Tobacco p.l.c. (BTI)

IFP Advisors Inc lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 750.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,684 shares of the company’s stock after purchasing an additional 23,547 shares during the period. IFP Advisors Inc’s holdings in British American Tobacco p.l.c. were worth $1,666,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Delta Asset Management LLC TN increased its stake in shares of British American Tobacco p.l.c. by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after acquiring an additional 1,472 shares in the last quarter. D. Scott Neal Inc. bought a new position in shares of British American Tobacco p.l.c. in the 3rd quarter worth about $106,000. Smith Shellnut Wilson LLC ADV bought a new position in shares of British American Tobacco p.l.c. in the 2nd quarter worth about $221,000. FTB Advisors Inc. increased its stake in shares of British American Tobacco p.l.c. by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after acquiring an additional 174 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in British American Tobacco p.l.c. by 50.2% during the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after purchasing an additional 688 shares in the last quarter. 5.39% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/11/13/ifp-advisors-inc-purchases-23547-shares-of-british-american-tobacco-p-l-c-bti.html.

A number of analysts have recently commented on BTI shares. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday, August 11th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday, August 3rd. UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $69.00.

British American Tobacco p.l.c. (BTI) traded up $0.06 during mid-day trading on Monday, reaching $65.00. 1,271,300 shares of the company’s stock were exchanged, compared to its average volume of 3,751,216. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco p.l.c. has a fifty-two week low of $52.84 and a fifty-two week high of $73.41.

British American Tobacco p.l.c. Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply