British American Tobacco p.l.c. (NYSE:BTI) Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,873,456 shares of the company’s stock after buying an additional 206,117 shares during the period. Natixis Advisors LLC owned approximately 0.13% of British American Tobacco worth $105,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BTI. Allspring Global Investments Holdings LLC increased its stake in shares of British American Tobacco by 109.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock worth $389,000 after acquiring an additional 6,660 shares during the last quarter. BNP Paribas Financial Markets raised its position in British American Tobacco by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after purchasing an additional 5,068 shares during the last quarter. Sei Investments Co. grew its position in shares of British American Tobacco by 7.0% during the 1st quarter. Sei Investments Co. now owns 176,387 shares of the company’s stock worth $5,381,000 after buying an additional 11,546 shares during the period. Russell Investments Group Ltd. boosted its stake in British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in British American Tobacco by 24.9% in the first quarter. Avantax Advisory Services Inc. now owns 17,049 shares of the company’s stock valued at $520,000 after acquiring an additional 3,398 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

BTI opened at $36.39 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The stock has a fifty day moving average of $36.16 and a 200-day moving average of $34.11.

Analyst Ratings Changes

BTI has been the subject of several recent research reports. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday.

About British American Tobacco

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.