Valeo Financial Advisors LLC Cuts Position in British American Tobacco p.l.c. $BTI

Valeo Financial Advisors LLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 10.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,755 shares of the company’s stock after selling 2,581 shares during the period. Valeo Financial Advisors LLC’s holdings in British American Tobacco were worth $1,030,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. raised its stake in shares of British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after acquiring an additional 30,600 shares during the period. Consolidated Portfolio Review Corp purchased a new position in British American Tobacco in the first quarter valued at about $375,000. Atria Wealth Solutions Inc. raised its position 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 purchasing an additional 5,745 shares during the period. Todd Asset Management LLC raised its holdings 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 buying an additional 157,251 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco by 12.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock valued at $9,650,000 after buying an additional 24,962 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $52.03 on Wednesday. The firm has a market cap of $107.05 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The firm’s 50-day simple moving average is $55.53 and its 200-day simple moving average is $48.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BTI. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Saturday, September 27th. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Monday, September 8th. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Company 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.