Philip James Wealth Mangement LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Philip James Wealth Mangement LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,327 shares of the company's stock, valued at approximately $6,084,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC grew its holdings 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 acquiring an additional 610 shares in the last quarter. Mather Group LLC. raised its stake in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company's stock worth $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC boosted its holdings in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock worth $38,000 after buying an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock valued at $45,000 after buying an additional 753 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new stake in British American Tobacco during the first quarter worth about $46,000. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

BTI stock traded down $0.02 during midday trading on Friday, reaching $35.39. 3,745,240 shares of the company's stock traded hands, compared to its average volume of 4,802,263. The company has a 50-day moving average price of $36.42 and a two-hundred day moving average price of $33.90. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week 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.

Analyst Upgrades and Downgrades

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

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.