Pathway Financial Advisers LLC Buys 55,652 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Pathway Financial Advisers LLC increased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3,609.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,194 shares of the company's stock after acquiring an additional 55,652 shares during the quarter. Pathway Financial Advisers LLC's holdings in British American Tobacco were worth $2,092,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in British American Tobacco by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company's stock worth $3,658,000 after purchasing an additional 23,626 shares during the last quarter. Atria Investments Inc grew its position in British American Tobacco by 19.5% in the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company's stock worth $2,270,000 after purchasing an additional 12,150 shares during the last quarter. Russell Investments Group Ltd. grew its position in British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company's stock worth $85,000 after purchasing an additional 1,590 shares during the last quarter. Auxier Asset Management grew its position in British American Tobacco by 16.0% in the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company's stock worth $5,778,000 after purchasing an additional 25,800 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in British American Tobacco in the 1st quarter worth $732,000. Institutional investors own 21.44% of the company's stock.

Wall Street Analyst Weigh In

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 target price on the stock. in a research report on Thursday, October 3rd. Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of 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

NYSE:BTI traded down $0.18 on Friday, reaching $34.47. The stock had a trading volume of 2,723,929 shares, compared to its average volume of 4,806,419. The company has a market capitalization of $76.56 billion, a P/E ratio of 7.14 and a beta of 0.52. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. 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 stock has a fifty day moving average price of $36.75 and a 200-day moving average price of $33.50.

British American Tobacco Company 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.