Sequoia Financial Advisors LLC Increases Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Sequoia Financial Advisors LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 4.7% in the 3rd quarter, Holdings Channel reports. The fund owned 11,459 shares of the company’s stock after purchasing an additional 514 shares during the period. Sequoia Financial Advisors LLC’s holdings in British American Tobacco were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares in the last quarter. Mather Group LLC. lifted its stake 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 in the last quarter. Addison Advisors LLC boosted its holdings in British American Tobacco by 79.9% in 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 last quarter. Pathway Financial Advisers LLC purchased a new stake in British American Tobacco during the 1st quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of British American Tobacco by 320.9% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Trading Down 0.5 %

British American Tobacco stock opened at $34.47 on Monday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm’s 50-day moving average is $36.75 and its 200-day moving average is $33.53. 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 company has a market cap of $76.56 billion, a P/E ratio of 7.14 and a beta of 0.52.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BTI shares. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco 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.