Signature Estate & Investment Advisors LLC Increases Holdings in British American Tobacco p.l.c. $BTI

Signature Estate & Investment Advisors LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,302 shares of the company’s stock after acquiring an additional 509 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in British American Tobacco were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Lockheed Martin Investment Management Co. lifted its position in shares of British American Tobacco by 27.7% in the first 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 in the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of British American Tobacco in the first quarter worth about $375,000. Atria Wealth Solutions Inc. increased its holdings in shares of British American Tobacco by 28.8% in the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after purchasing an additional 5,745 shares during the last quarter. Todd Asset Management LLC increased its holdings in shares of British American Tobacco by 26.9% in the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after purchasing an additional 157,251 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of British American Tobacco by 12.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock worth $9,650,000 after purchasing an additional 24,962 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Trading Down 0.9%

Shares of NYSE BTI opened at $51.16 on Tuesday. The business’s 50 day moving average is $54.72 and its two-hundred day moving average is $49.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The stock has a market capitalization of $105.13 billion, a P/E ratio of 10.51, a PEG ratio of 3.64 and a beta of 0.42.

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.