British American Tobacco (NYSE:BTI) Sees Large Volume Increase – Still a Buy?

Shares of British American Tobacco p.l.c. (NYSE:BTI) saw unusually-strong trading volume on Monday . Approximately 5,546,716 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 3,037,957 shares.The stock last traded at $35.21 and had previously closed at $35.90.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BTI shares. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Stock Up 0.3 %

The firm has a fifty day simple moving average of $36.74 and a 200-day simple moving average of $35.96. The firm has a market cap of $79.15 billion, a price-to-earnings ratio of 7.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Institutional Investors Weigh In On British American Tobacco

Several hedge funds have recently added to or reduced their stakes in the business. O Brien Greene & Co. Inc lifted its holdings in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after buying an additional 289 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares in the last quarter. First City Capital Management Inc. lifted its holdings in shares of British American Tobacco by 2.8% during the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after buying an additional 314 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

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.