Integrity Alliance LLC. Invests $533,000 in British American Tobacco p.l.c. $BTI

Integrity Alliance LLC. purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,422 shares of the company’s stock, valued at approximately $533,000.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its position in shares of British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in British American Tobacco during the 2nd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco during the 4th quarter valued at about $42,000. Binnacle Investments Inc increased its position in British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after buying an additional 391 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Down 1.9%

Shares of NYSE:BTI opened at $61.72 on Friday. The business’s 50-day moving average is $59.96 and its 200 day moving average is $58.83. British American Tobacco p.l.c. has a 1 year low of $44.58 and a 1 year high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analysts Set New Price Targets

Several brokerages recently issued reports on BTI. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.