Level Four Advisory Services LLC Has $391,000 Stock Position in British American Tobacco p.l.c. $BTI
by Mitch Edgeman · The Markets DailyLevel Four Advisory Services LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,266 shares of the company’s stock after acquiring an additional 1,014 shares during the quarter. Level Four Advisory Services LLC’s holdings in British American Tobacco were worth $391,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in BTI. Lockheed Martin Investment Management Co. raised its stake in shares of British American Tobacco by 27.7% during the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after buying an additional 30,600 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in British American Tobacco by 28.8% in the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after acquiring an additional 5,745 shares during the last quarter. Zions Bancorporation National Association UT grew its holdings in British American Tobacco by 46,488.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock worth $8,203,000 after acquiring an additional 172,937 shares during the period. Todd Asset Management LLC raised its position in shares of British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after acquiring an additional 157,251 shares during the last quarter. Finally, Atlas Capital Advisors Inc. lifted its stake in shares of British American Tobacco by 5,610.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,911 shares of the company’s stock valued at $203,000 after purchasing an additional 4,825 shares during the period. Institutional investors own 16.16% of the company’s stock.
Wall Street Analysts Forecast Growth
BTI has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research note on Friday. Finally, Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.
Check Out Our Latest Stock Report on BTI
British American Tobacco Stock Performance
NYSE:BTI opened at $58.13 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $53.26 and its 200-day simple moving average is $52.28. British American Tobacco p.l.c. has a fifty-two week low of $34.82 and a fifty-two week high of $59.29.
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.
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