Atria Wealth Solutions Inc. Trims Stock Position in British American Tobacco p.l.c. $BTI

Atria Wealth Solutions Inc. cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 74.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,612 shares of the company’s stock after selling 19,114 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in British American Tobacco were worth $315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lockheed Martin Investment Management Co. boosted its stake in shares of British American Tobacco by 27.7% during the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 30,600 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in shares of British American Tobacco during the first quarter valued at approximately $375,000. Todd Asset Management LLC boosted its stake in shares of British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after purchasing an additional 157,251 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of British American Tobacco by 12.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock valued at $9,650,000 after purchasing an additional 24,962 shares in the last quarter. Finally, Essex LLC bought a new position in shares of British American Tobacco during the first quarter valued at approximately $292,000. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BTI has been the topic of a number of recent research reports. Argus upgraded shares of 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, September 8th. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Morgan Stanley restated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.00.

British American Tobacco Trading Down 1.5%

NYSE BTI opened at $50.38 on Wednesday. The company has a fifty day simple moving average of $54.57 and a two-hundred day simple moving average of $49.65. The stock has a market cap of $103.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42. 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 current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

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.