White Lighthouse Investment Management Inc. Buys Shares of 23,852 British American Tobacco p.l.c. (NYSE:BTI)

White Lighthouse Investment Management Inc. purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,852 shares of the company's stock, valued at approximately $873,000.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC raised its stake in shares of British American Tobacco by 153.7% in 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. Mather Group LLC. grew its position in British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company's stock valued at $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC grew its position in British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after acquiring an additional 545 shares during the period. Creative Financial Designs Inc. ADV grew its position in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock valued at $45,000 after acquiring an additional 753 shares during the period. Finally, Pathway Financial Advisers LLC bought a new stake in British American Tobacco in the first quarter valued at $46,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley cut British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 11th.

British American Tobacco Trading Up 0.5 %

British American Tobacco stock traded up $0.16 during mid-day trading on Wednesday, hitting $35.62. The stock had a trading volume of 5,141,999 shares, compared to its average volume of 4,813,533. The stock has a 50-day simple moving average of $36.53 and a two-hundred day simple moving average of $33.83. The stock has a market capitalization of $79.12 billion, a PE ratio of 7.45 and a beta of 0.53. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

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.