British American Tobacco p.l.c. $BTI Shares Purchased by D Orazio & Associates Inc.

D Orazio & Associates Inc. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,066 shares of the company’s stock after acquiring an additional 992 shares during the period. D Orazio & Associates Inc.’s holdings in British American Tobacco were worth $760,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of British American Tobacco by 41.9% in the 1st quarter. Bank of New York Mellon Corp now owns 193,292 shares of the company’s stock valued at $7,996,000 after purchasing an additional 57,084 shares during the period. Cerity Partners LLC lifted its stake in British American Tobacco by 8.2% in the first quarter. Cerity Partners LLC now owns 53,537 shares of the company’s stock valued at $2,215,000 after buying an additional 4,039 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of British American Tobacco by 24.0% in the first quarter. Bleakley Financial Group LLC now owns 36,693 shares of the company’s stock valued at $1,518,000 after acquiring an additional 7,111 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of British American Tobacco during the first quarter worth approximately $235,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of British American Tobacco by 23.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 168,505 shares of the company’s stock valued at $6,971,000 after acquiring an additional 31,920 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Morgan Stanley reissued an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Up 0.1%

NYSE BTI opened at $55.81 on Thursday. British American Tobacco p.l.c. has a 52-week low of $34.82 and a 52-week high of $59.29. The firm has a 50-day moving average price of $53.24 and a 200 day moving average price of $51.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.