Verdence Capital Advisors LLC Buys 969 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Verdence Capital Advisors LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 4.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,986 shares of the company’s stock after buying an additional 969 shares during the quarter. Verdence Capital Advisors LLC’s holdings in British American Tobacco were worth $804,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of 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 acquiring an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position 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 acquiring an additional 753 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in British American Tobacco in the first quarter worth $46,000. Finally, Bruce G. Allen Investments LLC grew its stake in 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 during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BTI. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $35.39 on Monday. The business’s fifty day moving average price is $36.42 and its 200-day moving average price is $33.93. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. 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 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.