Gateway Investment Advisers LLC Increases Position in British American Tobacco p.l.c. (NYSE:BTI)

Gateway Investment Advisers LLC boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 384.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 327,007 shares of the company’s stock after purchasing an additional 259,509 shares during the quarter. Gateway Investment Advisers LLC’s holdings in British American Tobacco were worth $10,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1832 Asset Management L.P. grew its holdings in British American Tobacco by 4.2% in the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after purchasing an additional 363 shares during the period. Intrust Bank NA lifted its stake in shares of British American Tobacco by 3.5% in the fourth quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock worth $332,000 after buying an additional 380 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in shares of British American Tobacco by 3.8% in the first quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock worth $339,000 after buying an additional 402 shares in the last quarter. Dearborn Partners LLC lifted its stake in shares of British American Tobacco by 5.0% in the first quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock worth $270,000 after buying an additional 425 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of British American Tobacco by 6.3% in the first quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock worth $238,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

British American Tobacco Stock Performance

British American Tobacco stock traded up $0.06 during midday trading on Friday, reaching $35.96. 5,493,975 shares of the company traded hands, compared to its average volume of 4,955,143. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $36.45. The firm has a market capitalization of $79.87 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.88 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business has a 50 day moving average of $32.63 and a two-hundred day moving average of $30.98.

British American Tobacco Company 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.