Lockheed Martin Investment Management Co. Makes New $4.01 Million Investment in British American Tobacco p.l.c. (NYSE:BTI)

Lockheed Martin Investment Management Co. acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 110,400 shares of the company’s stock, valued at approximately $4,010,000.

A number of other institutional investors also recently modified their holdings of BTI. Versant Capital Management Inc acquired a new position in British American Tobacco during the fourth quarter worth $34,000. ORG Partners LLC increased its position in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of British American Tobacco in the 4th quarter worth about $44,000. Creative Financial Designs Inc. ADV boosted its stake in British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BTI. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $40.22 on Wednesday. The business’s fifty day simple moving average is $37.20 and its 200 day simple moving average is $36.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $40.25.

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.