Graham Capital Wealth Management LLC Invests $240,000 in British American Tobacco p.l.c. (NYSE:BTI)

Graham Capital Wealth Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,758 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors boosted its stake in shares of British American Tobacco by 38.5% in the 4th quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock worth $448,625,000 after buying an additional 4,259,548 shares during the last quarter. Capital World Investors lifted its stake in British American Tobacco by 0.4% in the first quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after purchasing an additional 13,643 shares during the last quarter. Natixis Advisors LLC lifted its stake in 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 purchasing an additional 614,634 shares during the last quarter. Raymond James & Associates lifted its stake in British American Tobacco by 1.9% in the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock valued at $70,513,000 after purchasing an additional 43,006 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in British American Tobacco by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock valued at $26,007,000 after purchasing an additional 37,359 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Trading Down 0.7 %

Shares of BTI stock opened at $36.58 on Tuesday. The company’s fifty day simple moving average is $36.85 and its two-hundred day simple moving average is $32.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The stock has a market capitalization of $81.25 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.98 and a beta of 0.52.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco 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.