Zions Bancorporation N.A. Buys 35,618 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Zions Bancorporation N.A. grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,890 shares of the company's stock after buying an additional 35,618 shares during the period. British American Tobacco makes up 0.7% of Zions Bancorporation N.A.'s portfolio, making the stock its 16th biggest position. Zions Bancorporation N.A.'s holdings in British American Tobacco were worth $8,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. bought a new position in shares of British American Tobacco during the 3rd quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of British American Tobacco during the 4th quarter valued at about $27,000. GPS Wealth Strategies Group LLC bought a new position in shares of British American Tobacco during the 1st quarter valued at about $28,000. Motco lifted its holdings in shares of British American Tobacco by 1,025.4% during the 4th quarter. Motco now owns 754 shares of the company's stock valued at $30,000 after purchasing an additional 687 shares in the last quarter. Finally, Ahrens Investment Partners LLC bought a new position in shares of British American Tobacco during the 1st quarter valued at about $30,000. Institutional investors own 7.10% of the company's stock.

Separately, StockNews.com started coverage on British American Tobacco in a report on Thursday. They set a "buy" rating on the stock.

View Our Latest Stock Report on British American Tobacco

NYSE BTI traded up $0.44 during trading on Friday, hitting $32.14. The stock had a trading volume of 1,006,697 shares, compared to its average volume of 3,981,279. The company's 50-day moving average price is $33.04 and its two-hundred day moving average price is $34.88. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. British American Tobacco p.l.c. has a 12 month low of $31.62 and a 12 month high of $42.36.

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.

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