British American Tobacco p.l.c. (NYSE:BTI) Stake Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,262 shares of the company’s stock after buying an additional 11,791 shares during the quarter. Quantinno Capital Management LP’s holdings in British American Tobacco were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. increased its holdings in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the period. CWM LLC lifted its position in British American Tobacco by 4.0% in the 2nd quarter. CWM LLC now owns 16,517 shares of the company’s stock worth $511,000 after buying an additional 628 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of British American Tobacco by 14.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,541 shares of the company’s stock valued at $388,000 after buying an additional 1,563 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of British American Tobacco by 13.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 70,117 shares of the company’s stock valued at $2,169,000 after acquiring an additional 8,089 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of British American Tobacco by 4.1% in the second quarter. AdvisorNet Financial Inc now owns 59,443 shares of the company’s stock worth $1,839,000 after acquiring an additional 2,334 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock opened at $37.80 on Friday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company’s fifty day moving average price is $35.90 and its two-hundred day moving average price is $34.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco 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.