Bard Financial Services Inc. Purchases 13,426 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bard Financial Services Inc. raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,635 shares of the company’s stock after purchasing an additional 13,426 shares during the quarter. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $3,909,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Rhumbline Advisers lifted its position in British American Tobacco by 41.8% in the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after acquiring an additional 1,490 shares in the last quarter. Larson Financial Group LLC grew its holdings in British American Tobacco by 252.4% during the second quarter. Larson Financial Group LLC now owns 3,549 shares of the company’s stock worth $110,000 after buying an additional 2,542 shares in the last quarter. National Bank of Canada FI raised its position in British American Tobacco by 3.6% in the 2nd quarter. National Bank of Canada FI now owns 101,458 shares of the company’s stock valued at $3,151,000 after buying an additional 3,534 shares during the last quarter. Private Advisor Group LLC lifted its stake in British American Tobacco by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 38,793 shares of the company’s stock valued at $1,200,000 after acquiring an additional 6,786 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of British American Tobacco by 15.6% in the second quarter. Ballentine Partners LLC now owns 7,969 shares of the company’s stock valued at $246,000 after purchasing an additional 1,075 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the subject of several analyst reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley downgraded shares of 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.

British American Tobacco Price Performance

BTI stock traded up $0.16 during mid-day trading on Monday, hitting $37.15. 1,666,993 shares of the stock were exchanged, compared to its average volume of 1,926,809. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a market capitalization of $82.09 billion, a price-to-earnings ratio of 7.76 and a beta of 0.52. The business has a fifty day moving average price of $36.54 and a 200 day moving average price of $35.73. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

British American Tobacco Company 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.