Pacer Advisors Inc. Buys 3,769 Shares of British American Tobacco PLC (NYSE:BTI)

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Pacer Advisors Inc. increased its stake in British American Tobacco PLC (NYSE:BTI) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,222 shares of the company’s stock after purchasing an additional 3,769 shares during the period. Pacer Advisors Inc.’s holdings in British American Tobacco were worth $5,027,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BTI. Cypress Capital LLC boosted its stake in British American Tobacco by 10.2% in the second quarter. Cypress Capital LLC now owns 13,796 shares of the company’s stock worth $481,000 after buying an additional 1,275 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of British American Tobacco by 191.5% during the second quarter. Flagship Harbor Advisors LLC now owns 1,131 shares of the company’s stock valued at $39,000 after purchasing an additional 743 shares during the period. Inlet Private Wealth LLC boosted its stake in shares of British American Tobacco by 51.0% during the second quarter. Inlet Private Wealth LLC now owns 64,800 shares of the company’s stock valued at $2,352,000 after purchasing an additional 21,900 shares during the period. Bessemer Group Inc. boosted its stake in shares of British American Tobacco by 78.5% during the second quarter. Bessemer Group Inc. now owns 1,078 shares of the company’s stock valued at $38,000 after purchasing an additional 474 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of British American Tobacco by 845.6% during the second quarter. SG Americas Securities LLC now owns 43,867 shares of the company’s stock valued at $1,530,000 after purchasing an additional 39,228 shares during the period. Institutional investors own 5.59% of the company’s stock.

A number of analysts have recently weighed in on BTI shares. Morgan Stanley lowered British American Tobacco from an “equal” rating to an “underweight” rating in a research note on Monday, June 17th. Zacks Investment Research lowered British American Tobacco from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. British American Tobacco has a consensus rating of “Hold” and a consensus target price of $40.00.

NYSE:BTI opened at $34.36 on Friday. The firm has a market cap of $73.22 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.11 and a beta of 0.86. British American Tobacco PLC has a fifty-two week low of $30.67 and a fifty-two week high of $46.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 0.73. The business has a 50 day moving average price of $35.76 and a 200-day moving average price of $37.26.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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