Kingsview Wealth Management LLC Acquires 789 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Kingsview Wealth Management LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.3% during the 4th quarter, Holdings Channel reports. The fund owned 13,288 shares of the company’s stock after buying an additional 789 shares during the period. Kingsview Wealth Management LLC’s holdings in British American Tobacco were worth $483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new position in British American Tobacco during the 4th quarter worth about $441,000. Lockheed Martin Investment Management Co. bought a new position in British American Tobacco during the 4th quarter worth about $4,010,000. Dupree Financial Group LLC boosted its holdings in shares of British American Tobacco by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 389,326 shares of the company’s stock valued at $14,140,000 after buying an additional 6,113 shares in the last quarter. Optas LLC bought a new stake in shares of British American Tobacco in the 4th quarter valued at about $225,000. Finally, Greenleaf Trust boosted its holdings in shares of British American Tobacco by 4.7% in the 4th quarter. Greenleaf Trust now owns 22,214 shares of the company’s stock valued at $807,000 after buying an additional 1,003 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Price Performance

BTI stock opened at $39.58 on Friday. The firm has a 50 day moving average of $37.78 and a 200 day moving average of $36.91. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74.

About British American Tobacco

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.