31,637 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by Nwam LLC

Nwam LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,637 shares of the company’s stock, valued at approximately $1,157,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after buying an additional 206,117 shares during the period. Raymond James & Associates raised its position 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 worth $70,513,000 after acquiring an additional 43,006 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of British American Tobacco by 7.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock valued at $24,109,000 after purchasing an additional 57,016 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Adams Asset Advisors LLC increased its holdings in British American Tobacco by 8.5% in the second quarter. Adams Asset Advisors LLC now owns 390,767 shares of the company’s stock worth $12,086,000 after purchasing an additional 30,772 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI stock opened at $37.38 on Friday. 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 firm has a fifty day simple moving average of $35.95 and a two-hundred day simple moving average of $34.40. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The firm has a market capitalization of $77.73 billion, a PE ratio of 7.84 and a beta of 0.53.

Analysts Set New Price Targets

Several analysts have recently weighed in on BTI shares. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

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.