HM Payson & Co. Buys New Holdings in British American Tobacco p.l.c. $BTI

HM Payson & Co. purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,180 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in shares of British American Tobacco during the 1st quarter worth approximately $253,000. Ieq Capital LLC boosted its position in British American Tobacco by 12.5% during the first quarter. Ieq Capital LLC now owns 15,100 shares of the company’s stock worth $625,000 after purchasing an additional 1,683 shares during the period. Trexquant Investment LP acquired a new position in shares of British American Tobacco in the first quarter valued at $499,000. State of Wyoming bought a new position in shares of British American Tobacco in the first quarter valued at about $57,000. Finally, Vident Advisory LLC lifted its stake in shares of British American Tobacco by 10.5% during the 1st quarter. Vident Advisory LLC now owns 36,805 shares of the company’s stock worth $1,523,000 after buying an additional 3,511 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $56.95 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 12-month low of $34.82 and a 12-month high of $59.29. The business’s 50-day moving average price is $55.47 and its two-hundred day moving average price is $53.91.

Analyst Ratings Changes

Several research firms have weighed in on BTI. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets assumed coverage on British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Finally, Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average price target 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.