Bank of America Corp DE Purchases 1,189,386 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bank of America Corp DE grew its position in British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,132,011 shares of the company’s stock after purchasing an additional 1,189,386 shares during the quarter. Bank of America Corp DE owned approximately 0.31% of British American Tobacco worth $300,686,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BTI. Johnson Midwest Financial LLC boosted its stake in British American Tobacco by 116.7% during the first quarter. Johnson Midwest Financial LLC now owns 650 shares of the company’s stock worth $27,000 after acquiring an additional 350 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in British American Tobacco by 337.6% during the first quarter. JFS Wealth Advisors LLC now owns 652 shares of the company’s stock worth $27,000 after acquiring an additional 503 shares in the last quarter. Addison Advisors LLC boosted its stake in British American Tobacco by 203.6% during the first quarter. Addison Advisors LLC now owns 671 shares of the company’s stock worth $28,000 after acquiring an additional 450 shares in the last quarter. Tcwp LLC bought a new position in British American Tobacco during the first quarter worth $33,000. Finally, Clearstead Advisors LLC bought a new position in British American Tobacco during the first quarter worth $41,000. 6.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BTI. UBS Group increased their target price on shares of British American Tobacco from GBX 3,600 ($43.50) to GBX 3,800 ($45.92) in a research note on Tuesday, May 31st. Barclays upped their price objective on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th. Morgan Stanley upped their price objective on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a report on Tuesday, July 5th. Finally, StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th.

British American Tobacco Trading Up 0.4 %

Shares of BTI stock opened at $39.66 on Tuesday. The firm has a 50-day moving average of $40.45 and a 200-day moving average of $41.79. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. British American Tobacco p.l.c. has a one year low of $33.62 and a one year high of $47.24.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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