HB Wealth Management LLC Invests $223,000 in British American Tobacco p.l.c. (NYSE:BTI)

HB Wealth Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,205 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors have also recently made changes to their positions in the company. Heritage Wealth Advisors bought a new position in British American Tobacco during the 4th quarter valued at approximately $26,000. Cape Investment Advisory Inc. increased its position in British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after buying an additional 510 shares in the last quarter. Larson Financial Group LLC increased its position in British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after buying an additional 610 shares in the last quarter. GAMMA Investing LLC bought a new position in British American Tobacco during the 4th quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. increased its position in British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after buying an additional 550 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Up 0.6 %

British American Tobacco stock opened at $37.57 on Friday. The firm has a market cap of $83.45 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.88 and a beta of 0.52. The stock has a fifty day simple moving average of $34.27 and a two-hundred day simple moving average of $31.65. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $37.59. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

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.