Schechter Investment Advisors LLC Makes New $300,000 Investment in British American Tobacco p.l.c. (NYSE:BTI)

Schechter Investment Advisors LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,549 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BTI. BlackRock Inc. increased its stake in British American Tobacco by 90.8% during the first quarter. BlackRock Inc. now owns 11,558,458 shares of the company’s stock worth $405,933,000 after acquiring an additional 5,501,775 shares during the last quarter. Capital International Investors increased its position in British American Tobacco by 8.2% during the 2nd quarter. Capital International Investors now owns 22,957,768 shares of the company’s stock worth $760,729,000 after purchasing an additional 1,746,156 shares in the last quarter. Bank of Montreal Can purchased a new position in British American Tobacco in the second quarter valued at approximately $33,041,000. Goldman Sachs Group Inc. lifted its position in British American Tobacco by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,092,643 shares of the company’s stock valued at $88,226,000 after buying an additional 710,867 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in British American Tobacco during the second quarter worth approximately $22,498,000. 7.56% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

NYSE BTI opened at $30.03 on Wednesday. The company’s fifty day simple moving average is $30.09 and its 200-day simple moving average is $31.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 52 week low of $28.35 and a 52 week high of $38.90.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of British American Tobacco in a research report on Wednesday, November 1st. They set an “overweight” rating for the company. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on BTI

About British American Tobacco

(Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.

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

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