US Bancorp DE Boosts Holdings in British American Tobacco p.l.c. (NYSE:BTI)

US Bancorp DE increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 75,814 shares of the company’s stock after purchasing an additional 13,482 shares during the quarter. US Bancorp DE’s holdings in British American Tobacco were worth $2,773,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the last quarter. Mather Group LLC. boosted its position 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 purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC lifted 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 worth $38,000 after buying an additional 545 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of British American Tobacco in the first quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after buying an additional 1,351 shares in the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 1.0 %

BTI opened at $35.45 on Wednesday. The firm’s fifty day moving average is $36.53 and its two-hundred day moving average is $33.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The firm has a market cap of $78.74 billion, a PE ratio of 7.45 and a beta of 0.53. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

Analysts Set New Price Targets

Several equities analysts recently issued reports 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 note on Thursday, October 17th. Finally, StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Company 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.