31,637 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by Nwam LLC

Nwam LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, Holdings Channel reports. The fund acquired 31,637 shares of the company’s stock, valued at approximately $1,157,000.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of British American Tobacco by 35.0% during the third quarter. Citigroup Inc. now owns 166,353 shares of the company’s stock valued at $6,085,000 after acquiring an additional 43,098 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of British American Tobacco by 5.8% during the 3rd quarter. Raymond James Trust N.A. now owns 52,389 shares of the company’s stock valued at $1,916,000 after purchasing an additional 2,862 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of British American Tobacco during the 3rd quarter worth $672,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after buying an additional 26,863 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in British American Tobacco by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 128,800 shares of the company’s stock valued at $4,712,000 after buying an additional 5,900 shares during the period. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

BTI opened at $37.38 on Friday. The company has a market capitalization of $77.73 billion, a price-to-earnings ratio of 7.84 and a beta of 0.53. 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 firm has a 50-day moving average price of $35.95 and a 200-day moving average price of $34.40. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of research analyst reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research 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 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.