Patriot Financial Group Insurance Agency LLC Takes $262,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Patriot Financial Group Insurance Agency LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,323 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also modified their holdings of BTI. Sound View Wealth Advisors Group LLC increased its stake in shares of British American Tobacco by 3.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after purchasing an additional 258 shares in the last quarter. Keystone Financial Group increased its stake in shares of British American Tobacco by 1.5% in the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after purchasing an additional 267 shares in the last quarter. Stokes Family Office LLC increased its stake in shares of British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after purchasing an additional 269 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of British American Tobacco by 17.0% in the 4th quarter. Harbour Investments Inc. now owns 2,095 shares of the company's stock valued at $76,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

NYSE:BTI traded up $0.15 during trading hours on Friday, hitting $48.75. 5,795,799 shares of the stock were exchanged, compared to its average volume of 5,137,450. British American Tobacco p.l.c. has a 52-week low of $30.53 and a 52-week high of $49.21. The firm's fifty day moving average price is $43.74 and its 200 day moving average price is $40.45. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market cap of $100.76 billion, a P/E ratio of 10.01 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, British American Tobacco has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.