Alaethes Wealth LLC Acquires 1,111 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Alaethes Wealth LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,735 shares of the company’s stock after purchasing an additional 1,111 shares during the period. Alaethes Wealth LLC’s holdings in British American Tobacco were worth $1,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Heritage Wealth Advisors bought a new position in shares of British American Tobacco in the 4th quarter worth $26,000. Larson Financial Group LLC raised its position in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of 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 purchasing an additional 550 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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 $37.44 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The firm has a market cap of $83.16 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.04 and a beta of 0.52. The firm’s fifty day moving average is $36.28 and its 200 day moving average is $32.51. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

British American Tobacco 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.