Advisors Preferred LLC Invests $536,000 in British American Tobacco p.l.c. $BTI

Advisors Preferred LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,169 shares of the company’s stock, valued at approximately $536,000.

Other hedge funds have also added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its position in British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after acquiring an additional 416 shares during the period. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco in the fourth quarter worth $26,000. Cary Street Partners Financial LLC acquired a new stake in British American Tobacco in the second quarter valued at $30,000. SHP Wealth Management bought a new position in British American Tobacco during the 4th quarter worth $35,000. Finally, Cornerstone Planning Group LLC lifted its holdings in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

NYSE BTI opened at $58.20 on Wednesday. The business has a 50 day simple moving average of $61.70 and a 200 day simple moving average of $59.74. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a one year low of $49.88 and a one year high of $67.30.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of analyst reports. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.