PNC Financial Services Group Inc. Buys 47,034 Shares of British American Tobacco p.l.c. $BTI

PNC Financial Services Group Inc. lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 103.0% in the 2nd quarter, Holdings Channel reports. The fund owned 92,696 shares of the company’s stock after acquiring an additional 47,034 shares during the quarter. PNC Financial Services Group Inc.’s holdings in British American Tobacco were worth $4,387,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. increased its stake in shares of 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 purchasing an additional 30,600 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in British American Tobacco by 28.8% during 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 period. Todd Asset Management LLC increased its position in British American Tobacco by 26.9% during the first 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 last quarter. Zions Bancorporation National Association UT raised its stake in British American Tobacco by 46,488.4% in the second quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock valued at $8,203,000 after buying an additional 172,937 shares during the period. Finally, Atlas Capital Advisors Inc. lifted its position in shares of British American Tobacco by 5,610.5% in the first quarter. Atlas Capital Advisors Inc. now owns 4,911 shares of the company’s stock valued at $203,000 after buying an additional 4,825 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley restated an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Price Performance

NYSE:BTI opened at $54.72 on Tuesday. British American Tobacco p.l.c. has a 52 week low of $34.82 and a 52 week high of $59.29. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $53.15 and its 200 day simple moving average is $51.31.

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.