Park Avenue Securities LLC Purchases 244 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Park Avenue Securities LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 33,866 shares of the company’s stock after acquiring an additional 244 shares during the period. Park Avenue Securities LLC’s holdings in British American Tobacco were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sound View Wealth Advisors Group LLC lifted its stake in British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after purchasing an additional 258 shares during the last quarter. Keystone Financial Group lifted its stake in shares of British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company’s stock worth $643,000 after acquiring an additional 267 shares during the last quarter. Stokes Family Office LLC boosted its holdings in British American Tobacco by 1.9% during the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock valued at $534,000 after acquiring an additional 269 shares during the period. Financial Management Professionals Inc. grew its position in British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after acquiring an additional 278 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in British American Tobacco by 17.0% in the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock worth $76,000 after purchasing an additional 305 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

NYSE:BTI opened at $48.74 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a market capitalization of $100.75 billion, a PE ratio of 10.01 and a beta of 0.31. British American Tobacco p.l.c. has a fifty-two week low of $30.33 and a fifty-two week high of $48.78. The company has a fifty day moving average of $43.38 and a two-hundred day moving average of $40.29.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating for the company. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

British American Tobacco 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.