Cetera Advisor Networks LLC Has $3.16 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Cetera Advisor Networks LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 7.9% in the second quarter, HoldingsChannel reports. The firm owned 73,531 shares of the company’s stock after purchasing an additional 5,394 shares during the period. Cetera Advisor Networks LLC’s holdings in British American Tobacco were worth $3,155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BTI. GQG Partners LLC lifted its stake in British American Tobacco by 91.3% in the 1st quarter. GQG Partners LLC now owns 29,035,870 shares of the company’s stock worth $1,224,077,000 after acquiring an additional 13,859,376 shares in the last quarter. Capital International Investors lifted its stake in British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock worth $400,788,000 after acquiring an additional 1,060,090 shares in the last quarter. Bank of America Corp DE lifted its stake in British American Tobacco by 20.0% in the 1st quarter. Bank of America Corp DE now owns 7,132,011 shares of the company’s stock worth $300,686,000 after acquiring an additional 1,189,386 shares in the last quarter. BlackRock Inc. lifted its stake in British American Tobacco by 11.6% in the 1st quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock worth $237,145,000 after acquiring an additional 582,790 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in British American Tobacco by 8.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,311,628 shares of the company’s stock worth $181,778,000 after acquiring an additional 340,040 shares in the last quarter. Institutional investors and hedge funds own 6.70% of the company’s stock.

British American Tobacco Price Performance

BTI opened at $40.55 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $33.62 and a fifty-two week high of $47.24. The business has a 50-day moving average of $38.08 and a 200-day moving average of $40.45. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. The Goldman Sachs Group downgraded British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st.

About British American Tobacco

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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