International Assets Investment Management LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

International Assets Investment Management LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 97,778 shares of the company's stock, valued at approximately $35,770,000.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in British American Tobacco by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,028 shares of the company's stock worth $1,892,000 after purchasing an additional 1,032 shares during the period. AlphaMark Advisors LLC grew its stake in British American Tobacco by 3,620.9% in the 1st quarter. AlphaMark Advisors LLC now owns 3,386 shares of the company's stock valued at $103,000 after acquiring an additional 3,295 shares during the period. Allspring Global Investments Holdings LLC raised its position in British American Tobacco by 109.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company's stock worth $389,000 after acquiring an additional 6,660 shares during the period. Naviter Wealth LLC lifted its holdings in British American Tobacco by 59.5% during the first quarter. Naviter Wealth LLC now owns 52,506 shares of the company's stock valued at $1,640,000 after purchasing an additional 19,579 shares in the last quarter. Finally, WFA Asset Management Corp acquired a new stake in shares of British American Tobacco in the first quarter valued at about $122,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of British American Tobacco stock traded down $0.44 on Tuesday, hitting $34.47. 6,504,590 shares of the company were exchanged, compared to its average volume of 4,803,265. 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 market capitalization of $76.55 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a 50-day moving average price of $36.69 and a 200 day moving average price of $33.61.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BTI shares. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. StockNews.com lowered British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th. Finally, Morgan Stanley lowered British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd.

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.