Mayflower Financial Advisors LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Mayflower Financial Advisors LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,504 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of British American Tobacco by 38.5% in the 4th quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock worth $448,625,000 after buying an additional 4,259,548 shares during the last quarter. Capital World Investors grew its stake in shares of British American Tobacco by 0.4% in the 1st quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock worth $117,009,000 after buying an additional 13,643 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after buying an additional 614,634 shares during the last quarter. Raymond James & Associates grew its stake in shares of British American Tobacco by 1.9% in the 2nd quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after buying an additional 43,006 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in British American Tobacco by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock valued at $26,007,000 after acquiring an additional 37,359 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Price Performance

BTI stock opened at $38.29 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $38.62. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $34.75 and its 200 day simple moving average is $31.86.

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.