Forum Financial Management LP Buys 6,367 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Forum Financial Management LP grew its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,438 shares of the company's stock after acquiring an additional 6,367 shares during the quarter. Forum Financial Management LP's holdings in British American Tobacco were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sound View Wealth Advisors Group LLC boosted its position in shares of British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after acquiring an additional 258 shares during the period. Keystone Financial Group boosted its position in shares of British American Tobacco by 1.5% in the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after acquiring an additional 267 shares during the period. Stokes Family Office LLC boosted its position in shares of British American Tobacco by 1.9% in the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after acquiring an additional 269 shares during the period. Harbour Investments Inc. boosted its position in shares of British American Tobacco by 17.0% in the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company's stock valued at $76,000 after acquiring an additional 305 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company's stock valued at $2,973,000 after acquiring an additional 321 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

BTI traded up $0.02 on Friday, hitting $44.99. 3,737,478 shares of the stock were exchanged, compared to its average volume of 4,967,806. British American Tobacco p.l.c. has a 12 month low of $30.29 and a 12 month high of $45.41. The business has a 50-day moving average of $42.29 and a two-hundred day moving average of $39.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market capitalization of $92.99 billion, a price-to-earnings ratio of 9.23 and a beta of 0.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BTI shares. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.00.

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.