Phoenix Financial Ltd. Acquires 34,922 Shares of British American Tobacco p.l.c. $BTI

Phoenix Financial Ltd. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 493.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,000 shares of the company’s stock after buying an additional 34,922 shares during the quarter. Phoenix Financial Ltd.’s holdings in British American Tobacco were worth $2,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in British American Tobacco in the 3rd quarter valued at approximately $29,000. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco in the second quarter worth $30,000. Salem Investment Counselors Inc. lifted its holdings in shares of British American Tobacco by 48.6% during the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares in the last quarter. City Holding Co. purchased a new stake in shares of British American Tobacco during the third quarter valued at $42,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of British American Tobacco during the 2nd quarter valued at about $44,000. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BTI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Kepler Capital Markets began coverage on British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Weiss Ratings restated 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Performance

BTI opened at $60.30 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $56.98 and its 200-day moving average price is $55.13. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $60.38.

About British American Tobacco

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.