Symphony Financial Ltd. Co. Buys Shares of 9,476 British American Tobacco p.l.c. (NYSE:BTI)

Symphony Financial Ltd. Co. bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,476 shares of the company’s stock, valued at approximately $349,000.

A number of other large investors also recently added to or reduced their stakes in BTI. Ballentine Partners LLC bought a new stake in shares of British American Tobacco in the 1st quarter valued at about $210,000. Key Client Fiduciary Advisors LLC increased its stake in shares of British American Tobacco by 16.5% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 15,759 shares of the company’s stock valued at $481,000 after acquiring an additional 2,227 shares during the last quarter. Viking Fund Management LLC increased its stake in British American Tobacco by 1.5% during the 1st quarter. Viking Fund Management LLC now owns 179,500 shares of the company’s stock worth $5,475,000 after purchasing an additional 2,700 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in British American Tobacco by 1.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,028 shares of the company’s stock worth $1,892,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Congress Park Capital LLC increased its stake in British American Tobacco by 16.1% during the 1st quarter. Congress Park Capital LLC now owns 18,000 shares of the company’s stock worth $549,000 after purchasing an additional 2,500 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on BTI. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Trading Up 1.9 %

NYSE BTI opened at $34.90 on Wednesday. The company has a market cap of $77.51 billion, a PE ratio of 7.22 and a beta of 0.52. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock has a 50 day moving average of $36.84 and a 200-day moving average of $33.42.

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.