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

White Lighthouse Investment Management Inc. acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,852 shares of the company’s stock, valued at approximately $873,000.

Several other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC grew its holdings in British American Tobacco by 153.7% during the 1st 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 during the last quarter. Mather Group LLC. grew its stake in shares of British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of British American Tobacco by 79.9% in the second 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 period. Creative Financial Designs Inc. ADV lifted its stake in shares of British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in British American Tobacco in the 1st quarter valued at $46,000. 21.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BTI. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley downgraded 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 note on Thursday, October 3rd. 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 Stock Performance

Shares of British American Tobacco stock opened at $35.65 on Wednesday. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock’s fifty day moving average price is $36.53 and its 200-day moving average price is $33.83. The firm has a market cap of $79.18 billion, a P/E ratio of 7.45 and a beta of 0.53. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

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.