Hantz Financial Services Inc. Has $1.56 Million Position in British American Tobacco p.l.c. $BTI

Hantz Financial Services Inc. grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 125.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,405 shares of the company’s stock after purchasing an additional 16,353 shares during the quarter. Hantz Financial Services Inc.’s holdings in British American Tobacco were worth $1,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. AQR Capital Management LLC raised its holdings in British American Tobacco by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC increased its position in British American Tobacco by 42.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after acquiring an additional 2,521 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of British American Tobacco by 10.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 12,813 shares of the company’s stock worth $606,000 after purchasing an additional 1,222 shares during the period. Venturi Wealth Management LLC grew its stake in shares of British American Tobacco by 2.9% in the second quarter. Venturi Wealth Management LLC now owns 13,698 shares of the company’s stock worth $648,000 after purchasing an additional 385 shares during the last quarter. Finally, US Bancorp DE increased its holdings in British American Tobacco by 12.7% in the second quarter. US Bancorp DE now owns 103,440 shares of the company’s stock valued at $4,896,000 after purchasing an additional 11,636 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

Shares of BTI opened at $62.79 on Friday. British American Tobacco p.l.c. has a 52-week low of $37.31 and a 52-week high of $63.03. The business’s 50 day moving average price is $57.78 and its two-hundred day moving average price is $55.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

BTI has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Kepler Capital Markets started coverage on shares of British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.