Archford Capital Strategies LLC boosted its position in shares of British American Tobacco PLC (NYSE:BTI) by 50,300.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,160 shares of the company’s stock after purchasing an additional 20,120 shares during the period. Archford Capital Strategies LLC’s holdings in British American Tobacco were worth $1,259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Miles Capital Inc. raised its stake in British American Tobacco by 0.4% during the second quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock worth $337,000 after purchasing an additional 20 shares during the period. National Asset Management Inc. raised its stake in British American Tobacco by 1.2% during the second quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock worth $246,000 after purchasing an additional 44 shares during the period. Fiera Capital Corp raised its stake in British American Tobacco by 1.8% during the second quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after purchasing an additional 59 shares during the period. Financial Counselors Inc. raised its stake in British American Tobacco by 2.5% during the second quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock worth $369,000 after purchasing an additional 131 shares during the period. Finally, FTB Advisors Inc. raised its stake in British American Tobacco by 10.7% during the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares during the period. 9.35% of the stock is currently owned by institutional investors.

Shares of British American Tobacco PLC (NYSE BTI) opened at $67.36 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco PLC has a 12-month low of $55.53 and a 12-month high of $73.41.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, December 29th will be issued a $0.581 dividend. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.

A number of equities research analysts have weighed in on BTI shares. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Wednesday, December 6th. BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.67.

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British American Tobacco Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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