Envestnet Asset Management Inc. Has $132.16 Million Position in British American Tobacco p.l.c. $BTI

Envestnet Asset Management Inc. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 93.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,792,258 shares of the company’s stock after buying an additional 1,345,175 shares during the quarter. Envestnet Asset Management Inc.’s holdings in British American Tobacco were worth $132,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. lifted its holdings in British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after buying an additional 30,600 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after buying an additional 5,745 shares during the period. Todd Asset Management LLC lifted its holdings in British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after buying an additional 157,251 shares during the period. Woodward Diversified Capital LLC acquired a new position in British American Tobacco during the 1st quarter worth about $207,000. Finally, Atlas Capital Advisors Inc. lifted its holdings in British American Tobacco by 5,610.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,911 shares of the company’s stock worth $203,000 after buying an additional 4,825 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTI has been the subject of several research analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Monday, September 8th. Five 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 stock currently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $52.51 on Wednesday. British American Tobacco p.l.c. has a one year low of $34.24 and a one year high of $59.29. The business has a 50-day simple moving average of $54.03 and a 200 day simple moving average of $50.14. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

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.