British American Tobacco p.l.c. $BTI Shares Acquired by Alaethes Wealth LLC

Alaethes Wealth LLC increased its holdings in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,215 shares of the company’s stock after acquiring an additional 3,656 shares during the quarter. Alaethes Wealth LLC’s holdings in British American Tobacco were worth $1,778,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton lifted its stake in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after acquiring an additional 280 shares in the last quarter. Golden State Wealth Management LLC raised its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in British American Tobacco during the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its stake in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after buying an additional 278 shares in the last quarter. Finally, Mather Group LLC. raised its stake in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.4%

Shares of British American Tobacco stock opened at $56.23 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 $54.10 and its 200-day simple moving average is $46.98. The stock has a market capitalization of $115.81 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 3.85 and a beta of 0.40. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29.

Analysts Set New Price Targets

BTI has been the topic of several research reports. Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Morgan Stanley restated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Monday. Finally, Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and an average price target of $51.00.

Read Our Latest Report on BTI

About British American Tobacco

(Free Report)

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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