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 bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,323 shares of the company's stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its holdings 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 during the last quarter. Ameriflex Group Inc. purchased a new stake in British American Tobacco in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of British American Tobacco during the fourth quarter worth approximately $27,000. Finally, Cullen Frost Bankers Inc. grew its position in British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

BTI stock traded down $0.37 on Thursday, reaching $48.41. 4,514,449 shares of the company's stock were exchanged, compared to its average volume of 5,106,947. British American Tobacco p.l.c. has a twelve month low of $30.33 and a twelve month high of $49.04. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $43.38 and a 200-day moving average of $40.29. The firm has a market cap of $100.07 billion, a PE ratio of 9.94 and a beta of 0.31.

Wall Street Analysts Forecast Growth

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

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.