10,423 Shares in British American Tobacco p.l.c. $BTI Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,423 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of British American Tobacco during the 3rd quarter valued at $29,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco during the second quarter valued at about $30,000. Salem Investment Counselors Inc. lifted its position in shares of British American Tobacco by 48.6% in the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. City Holding Co. bought a new position in shares of British American Tobacco in the third quarter worth about $42,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of British American Tobacco during the second quarter worth about $44,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Kepler Capital Markets assumed coverage on shares of British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating on the stock. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $61.01 on Tuesday. The company’s 50-day moving average price is $57.42 and its 200-day moving average price is $55.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a twelve month low of $37.31 and a twelve month high of $61.15.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.