Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of British American Tobacco PLC (NYSE:BTI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,340 shares of the company’s stock, valued at approximately $827,000. British American Tobacco makes up approximately 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, making the stock its 15th biggest holding.
A number of other institutional investors also recently made changes to their positions in the stock. Glovista Investments LLC bought a new position in British American Tobacco in the 4th quarter valued at $3,060,000. Atria Investments LLC grew its stake in British American Tobacco by 82.9% in the 4th quarter. Atria Investments LLC now owns 10,090 shares of the company’s stock valued at $676,000 after purchasing an additional 4,572 shares during the period. K2 Principal Fund L.P. bought a new position in British American Tobacco in the 3rd quarter valued at $1,249,000. Vontobel Asset Management Inc. grew its stake in British American Tobacco by 28.1% in the 4th quarter. Vontobel Asset Management Inc. now owns 1,282,336 shares of the company’s stock valued at $85,905,000 after purchasing an additional 281,543 shares during the period. Finally, Commonwealth Bank of Australia bought a new position in British American Tobacco in the 3rd quarter valued at $1,221,000. Institutional investors and hedge funds own 8.79% of the company’s stock.
Shares of BTI stock traded down $0.49 during midday trading on Wednesday, hitting $55.29. The stock had a trading volume of 201,323 shares, compared to its average volume of 1,781,082. British American Tobacco PLC has a 1 year low of $55.02 and a 1 year high of $73.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 0.90.
A number of research analysts have issued reports on the company. Citigroup downgraded British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given 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.
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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