8,853 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by CMG Global Holdings LLC

CMG Global Holdings LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,853 shares of the company’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. lifted its stake in British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC lifted its position in shares of British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after buying an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after buying an additional 753 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of British American Tobacco in the 1st quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC raised its stake in British American Tobacco by 320.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after acquiring an additional 1,351 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Up 1.1 %

Shares of BTI opened at $37.38 on Friday. 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 fifty-two week low of $28.25 and a fifty-two week high of $39.54. The firm has a 50-day simple moving average of $35.95 and a 200-day simple moving average of $34.37.

Wall Street Analyst Weigh In

BTI has been the topic of several research reports. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a 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.