British American Tobacco p.l.c. $BTI Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,986 shares of the company’s stock after acquiring an additional 3,459 shares during the period. Ritholtz Wealth Management’s holdings in British American Tobacco were worth $7,761,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after purchasing an additional 280 shares during the period. Golden State Wealth Management LLC increased its position in shares of British American Tobacco by 100.0% in 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. Mather Group LLC. raised its stake in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after buying an additional 480 shares during the period. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco during the 1st quarter valued at approximately $32,000. Finally, CX Institutional acquired a new stake in British American Tobacco in the 1st quarter valued at $34,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.6%

BTI stock opened at $51.14 on Wednesday. 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 firm has a 50-day moving average of $55.20 and a two-hundred day moving average of $49.30. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The company has a market cap of $105.09 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.52 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in 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 report on Friday, August 15th. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.00.

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.