Legacy Capital Group California Inc. Boosts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Legacy Capital Group California Inc. grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 8,092 shares of the company’s stock after buying an additional 531 shares during the period. Legacy Capital Group California Inc.’s holdings in British American Tobacco were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Heritage Wealth Advisors purchased a new position in British American Tobacco in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its holdings in British American Tobacco by 308.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after purchasing an additional 710 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares in the last quarter. Larson Financial Group LLC lifted its holdings in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of British American Tobacco during the 4th quarter worth approximately $34,000. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 0.4 %

NYSE:BTI traded up $0.13 during mid-day trading on Wednesday, hitting $36.27. 2,247,811 shares of the stock traded hands, compared to its average volume of 4,880,710. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $36.45. The firm’s 50 day moving average is $33.33 and its two-hundred day moving average is $31.30. The stock has a market capitalization of $80.56 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 1.88 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

Separately, StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco 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.