CWA Asset Management Group LLC Invests $1.31 Million in British American Tobacco p.l.c. (NYSE:BTI)

CWA Asset Management Group LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,912 shares of the company's stock, valued at approximately $1,314,000.

A number of other large investors also recently modified their holdings of BTI. Capital World Investors raised its stake in shares of British American Tobacco by 0.4% during the first quarter. Capital World Investors now owns 3,836,365 shares of the company's stock worth $117,009,000 after buying an additional 13,643 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock worth $82,501,000 after buying an additional 614,634 shares during the last quarter. Raymond James & Associates raised its stake in shares of British American Tobacco by 1.9% during the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company's stock worth $70,513,000 after buying an additional 43,006 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company's stock worth $24,109,000 after buying an additional 57,016 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of British American Tobacco by 25.0% during the first quarter. Osaic Holdings Inc. now owns 487,983 shares of the company's stock worth $14,887,000 after buying an additional 97,556 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

NYSE:BTI traded down $0.01 during trading hours on Friday, hitting $35.39. The stock had a trading volume of 3,745,707 shares, compared to its average volume of 4,426,503. The business's 50 day moving average is $36.42 and its 200-day moving average is $33.93. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54.

Analysts Set New Price Targets

Several equities research analysts have commented on BTI shares. StockNews.com downgraded shares of British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised shares of 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.