Vise Technologies Inc. Purchases 37,175 Shares of British American Tobacco p.l.c. $BTI

Vise Technologies Inc. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 98.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,936 shares of the company’s stock after purchasing an additional 37,175 shares during the quarter. Vise Technologies Inc.’s holdings in British American Tobacco were worth $4,243,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AlphaCore Capital LLC grew its stake in shares of British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after acquiring an additional 170 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of British American Tobacco by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after acquiring an additional 181 shares during the period. NewEdge Wealth LLC grew its stake in shares of British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock valued at $3,323,000 after acquiring an additional 187 shares during the period. Sage Rhino Capital LLC grew its stake in shares of British American Tobacco by 3.2% during the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock valued at $405,000 after acquiring an additional 219 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of British American Tobacco by 2.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock valued at $612,000 after acquiring an additional 222 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

BTI stock opened at $59.91 on Friday. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The business has a 50 day simple moving average of $60.11 and a two-hundred day simple moving average of $58.99.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BTI. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

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.