Foundations Investment Advisors LLC Purchases New Shares in British American Tobacco p.l.c. $BTI

Foundations Investment Advisors LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 10,423 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of British American Tobacco in the 3rd quarter worth about $29,000. Cary Street Partners Financial LLC purchased a new stake in British American Tobacco in the 2nd quarter worth about $30,000. Salem Investment Counselors Inc. lifted its stake in British American Tobacco by 48.6% in the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the last quarter. City Holding Co. purchased a new position in shares of British American Tobacco during the third quarter valued at approximately $42,000. Finally, Mather Group LLC. bought a new position in shares of British American Tobacco during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BTI. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets started coverage on British American Tobacco in a research report on Friday, December 12th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $61.01 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The stock’s fifty day moving average price is $57.42 and its 200-day moving average price is $55.38. British American Tobacco p.l.c. has a 12 month low of $37.31 and a 12 month high of $61.15.

British American Tobacco 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.