CWA Asset Management Group LLC Buys 6,401 Shares of British American Tobacco p.l.c. (NYSE:BTI)

CWA Asset Management Group LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,313 shares of the company’s stock after acquiring an additional 6,401 shares during the period. CWA Asset Management Group LLC’s holdings in British American Tobacco were worth $1,537,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of British American Tobacco in the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV boosted its stake in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after acquiring an additional 1,351 shares during the last quarter. Finally, City State Bank boosted its stake in shares of British American Tobacco by 26.6% in the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have 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 cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. 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 note on Thursday, October 3rd.

British American Tobacco Price Performance

BTI stock opened at $36.95 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $36.58 and its two-hundred day moving average price is $35.77. The stock has a market capitalization of $81.65 billion, a price-to-earnings ratio of 7.71 and a beta of 0.52. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54.

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.