12,499 Shares in British American Tobacco p.l.c. (NYSE:BTI) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,499 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds have also modified their holdings of BTI. Mather Group LLC. boosted its position in shares of British American Tobacco by 4,526.9% in 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 last quarter. Addison Advisors LLC raised its stake in shares of 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 purchasing an additional 545 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of British American Tobacco during the first quarter valued at approximately $46,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of 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 valued at $65,000 after purchasing an additional 1,351 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd.

British American Tobacco Stock Performance

British American Tobacco stock opened at $37.94 on Friday. The company has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $34.57. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

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.