British American Tobacco p.l.c. $BTI Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,272 shares of the company’s stock after selling 2,943 shares during the period. Moran Wealth Management LLC’s holdings in British American Tobacco were worth $7,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Orbis Allan Gray Ltd increased its position in shares of British American Tobacco by 20.4% during the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after purchasing an additional 2,040,011 shares in the last quarter. GQG Partners LLC increased its position in shares of British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after purchasing an additional 3,590,916 shares in the last quarter. Newport Trust Company LLC increased its position in British American Tobacco by 1.1% in the 1st quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock valued at $114,779,000 after acquiring an additional 31,205 shares during the period. Northern Trust Corp increased its position in British American Tobacco by 1.5% in the 1st quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock valued at $102,347,000 after acquiring an additional 35,926 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in British American Tobacco by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,447,083 shares of the company’s stock valued at $59,866,000 after acquiring an additional 42,531 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, British American Tobacco has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Performance

NYSE BTI 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 business’s 50 day moving average is $55.20 and its two-hundred day moving average is $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 stock has a market capitalization of $105.09 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.52 and a beta of 0.42.

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.