Pitcairn Co. Buys New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Pitcairn Co. bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,574 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new position in British American Tobacco in the fourth quarter valued at $26,000. Parkside Financial Bank & Trust increased its stake in British American Tobacco by 308.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after acquiring an additional 710 shares during the last quarter. HBC Financial Services PLLC acquired a new stake in British American Tobacco during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its stake in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in shares of British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

British American Tobacco Trading Up 1.0 %

Shares of NYSE BTI opened at $35.07 on Friday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $35.07. The business has a 50-day moving average of $31.59 and a 200-day moving average of $30.54. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67.

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.