Pathway Financial Advisers LLC Has $2.09 Million Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Pathway Financial Advisers LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 3,609.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 57,194 shares of the company’s stock after buying an additional 55,652 shares during the period. Pathway Financial Advisers LLC’s holdings in British American Tobacco were worth $2,092,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in shares of British American Tobacco by 29.9% in the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after acquiring an additional 614,634 shares during the period. Kize Capital LP acquired a new position in shares of British American Tobacco during the 2nd quarter worth approximately $10,826,000. Gateway Investment Advisers LLC increased its holdings in shares of British American Tobacco by 384.5% during the second quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after purchasing an additional 259,509 shares during the period. First Eagle Investment Management LLC raised its position in shares of British American Tobacco by 42.5% in the first quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after buying an additional 215,305 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of British American Tobacco in the second quarter valued at approximately $6,153,000. 21.44% of the stock is owned by institutional investors.

British American Tobacco Trading Down 0.5 %

Shares of BTI opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The firm has a market cap of $76.56 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The business’s fifty day moving average is $36.75 and its 200-day moving average is $33.50.

Analyst Ratings Changes

Several equities analysts have weighed in on BTI shares. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

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.