Foundations Investment Advisors LLC Has $1.34 Million Holdings in British American Tobacco p.l.c. $BTI

Foundations Investment Advisors LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 127.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,721 shares of the company’s stock after acquiring an additional 13,298 shares during the quarter. Foundations Investment Advisors LLC’s holdings in British American Tobacco were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake 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 valued at $36,000 after purchasing an additional 346 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of British American Tobacco in the 2nd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the 4th quarter valued at about $42,000. Binnacle Investments Inc raised its stake in shares of British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after purchasing an additional 465 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Down 1.9%

NYSE:BTI opened at $61.72 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $59.96 and its 200 day simple moving average is $58.83. British American Tobacco p.l.c. has a 52-week low of $44.58 and a 52-week high of $67.30.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent research reports. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.