Larson Financial Group LLC Buys 2,542 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Larson Financial Group LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 252.4% in the second quarter, HoldingsChannel.com reports. The fund owned 3,549 shares of the company’s stock after acquiring an additional 2,542 shares during the quarter. Larson Financial Group LLC’s holdings in British American Tobacco were worth $110,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors grew its stake in British American Tobacco by 38.5% during the fourth 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 in the last quarter. Capital World Investors raised its position in British American Tobacco by 0.4% during the first quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after purchasing an additional 13,643 shares in the last quarter. Natixis Advisors LLC boosted its holdings 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 valued at $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Raymond James & Associates increased 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 valued at $70,513,000 after purchasing an additional 43,006 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of British American Tobacco by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock worth $26,007,000 after buying an additional 37,359 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

Analyst Ratings Changes

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

British American Tobacco Stock Up 0.8 %

Shares of NYSE:BTI opened at $38.61 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $38.68. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $34.90 and a 200-day moving average of $31.93.

About British American Tobacco

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.