Ellsworth Advisors LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 2.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 89,748 shares of the company's stock after buying an additional 2,006 shares during the quarter. British American Tobacco comprises approximately 1.6% of Ellsworth Advisors LLC's portfolio, making the stock its 19th biggest holding. Ellsworth Advisors LLC's holdings in British American Tobacco were worth $3,851,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Johnson Midwest Financial LLC lifted its stake in British American Tobacco by 116.7% in the 1st quarter. Johnson Midwest Financial LLC now owns 650 shares of the company's stock valued at $27,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in British American Tobacco by 337.6% in the 1st quarter. JFS Wealth Advisors LLC now owns 652 shares of the company's stock worth $27,000 after purchasing an additional 503 shares in the last quarter. Addison Advisors LLC lifted its stake in British American Tobacco by 203.6% in the 1st quarter. Addison Advisors LLC now owns 671 shares of the company's stock worth $28,000 after purchasing an additional 450 shares in the last quarter. GoalVest Advisory LLC purchased a new position in British American Tobacco in the 2nd quarter worth approximately $30,000. Finally, Tcwp LLC purchased a new position in British American Tobacco in the 1st quarter worth approximately $33,000. 6.70% of the stock is owned by hedge funds and other institutional investors.
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British American Tobacco Stock Performance
Shares of NYSE BTI traded up $0.56 during midday trading on Tuesday, reaching $37.15. 57,468 shares of the stock were exchanged, compared to its average volume of 2,834,064. The company has a 50 day simple moving average of $39.66 and a 200 day simple moving average of $41.55. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54. British American Tobacco p.l.c. has a twelve month low of $33.62 and a twelve month high of $47.24.
Analysts Set New Price Targets
BTI has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research note on Tuesday, July 5th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays raised their price target on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th.
British American Tobacco Company Profile
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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.
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