BancorpSouth Bank acquired a new position in shares of British American Tobacco PLC (NYSE:BTI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,034 shares of the company’s stock, valued at approximately $270,000.
Several other large investors have also added to or reduced their stakes in BTI. FNY Managed Accounts LLC acquired a new position in shares of British American Tobacco in the fourth quarter worth about $100,000. BB&T Investment Services Inc. lifted its stake in shares of British American Tobacco by 625.6% in the third quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after acquiring an additional 1,395 shares in the last quarter. Krilogy Financial LLC acquired a new position in shares of British American Tobacco in the third quarter worth about $106,000. Asset Management One Co. Ltd. acquired a new position in shares of British American Tobacco in the third quarter worth about $109,000. Finally, Manchester Capital Management LLC acquired a new position in shares of British American Tobacco in the third quarter worth about $113,000. Institutional investors and hedge funds own 9.20% of the company’s stock.
Shares of British American Tobacco PLC (BTI) opened at $59.06 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $137,640.00, a PE ratio of 3.35, a P/E/G ratio of 1.81 and a beta of 0.99. British American Tobacco PLC has a fifty-two week low of $59.04 and a fifty-two week high of $73.41.
Several analysts recently weighed in on BTI shares. Zacks Investment Research raised British American Tobacco from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, January 25th. Citigroup lowered British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Jefferies Group set a $78.00 price objective on British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $79.00.
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British American Tobacco Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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