Brown Brothers Harriman & Co. Purchases 8,376 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Brown Brothers Harriman & Co. lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 197.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,613 shares of the company’s stock after purchasing an additional 8,376 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in British American Tobacco were worth $461,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BTI. Independent Advisor Alliance grew its stake in shares of British American Tobacco by 11.2% in the 3rd quarter. Independent Advisor Alliance now owns 17,937 shares of the company’s stock worth $656,000 after buying an additional 1,803 shares in the last quarter. Fisher Asset Management LLC grew its position in British American Tobacco by 124.6% in the third quarter. Fisher Asset Management LLC now owns 34,695 shares of the company’s stock worth $1,269,000 after acquiring an additional 19,249 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in British American Tobacco by 30.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 61,229 shares of the company’s stock valued at $2,240,000 after purchasing an additional 14,325 shares during the period. Larson Financial Group LLC lifted its stake in shares of British American Tobacco by 238.2% in the 3rd quarter. Larson Financial Group LLC now owns 12,003 shares of the company’s stock valued at $439,000 after purchasing an additional 8,454 shares during the last quarter. Finally, CMG Global Holdings LLC purchased a new position in shares of British American Tobacco in the 3rd quarter worth approximately $324,000. Institutional investors own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Thursday, October 3rd. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Trading Up 1.0 %

Shares of British American Tobacco stock opened at $37.71 on Wednesday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The stock’s fifty day moving average is $35.90 and its two-hundred day moving average is $34.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, 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.