International Assets Investment Management LLC Acquires Shares of 97,778 British American Tobacco p.l.c. (NYSE:BTI)

International Assets Investment Management LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 97,778 shares of the company’s stock, valued at approximately $35,770,000.

A number of other hedge funds also recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC raised its holdings in shares of British American Tobacco by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 318,509 shares of the company’s stock valued at $11,651,000 after acquiring an additional 4,368 shares in the last quarter. Greenleaf Trust boosted its stake in shares of British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after purchasing an additional 376 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of British American Tobacco during the third quarter valued at about $349,000. Signaturefd LLC raised its stake in British American Tobacco by 15.2% in the third quarter. Signaturefd LLC now owns 41,791 shares of the company’s stock worth $1,529,000 after buying an additional 5,519 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in British American Tobacco by 4.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,459 shares of the company’s stock valued at $419,000 after acquiring an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BTI. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Up 1.3 %

BTI stock opened at $34.91 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $36.73 and a 200 day moving average of $33.57. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The firm has a market cap of $77.53 billion, a PE ratio of 7.23 and a beta of 0.52.

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.