Aperio Group LLC Acquires 223,991 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Aperio Group LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 50.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,702 shares of the company’s stock after acquiring an additional 223,991 shares during the quarter. Aperio Group LLC’s holdings in British American Tobacco p.l.c. were worth $41,698,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. D. Scott Neal Inc. acquired a new position in shares of British American Tobacco p.l.c. during the 3rd quarter worth about $106,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of British American Tobacco p.l.c. during the 2nd quarter worth about $221,000. FTB Advisors Inc. increased its stake in shares of British American Tobacco p.l.c. by 10.7% during the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares during the last quarter. Grove Bank & Trust increased its stake in shares of British American Tobacco p.l.c. by 50.2% during the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after purchasing an additional 688 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of British American Tobacco p.l.c. during the 2nd quarter worth about $170,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

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Several research analysts have recently weighed in on BTI shares. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Monday, August 28th. Cowen and Company upgraded shares of British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) upgraded shares of British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Shares of British American Tobacco p.l.c. (BTI) traded up $0.06 on Friday, reaching $65.00. 1,271,300 shares of the company were exchanged, compared to its average volume of 3,751,216. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco p.l.c. has a twelve month low of $52.84 and a twelve month high of $73.41.

British American Tobacco p.l.c. Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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