Frank Rimerman Advisors LLC Invests $526,000 in British American Tobacco p.l.c. $BTI

Frank Rimerman Advisors LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,108 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors have also added to or reduced their stakes in BTI. Lockheed Martin Investment Management Co. boosted 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 during the period. Atria Wealth Solutions Inc. increased 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 acquiring an additional 5,745 shares during the period. Zions Bancorporation National Association UT lifted its stake in British American Tobacco by 46,488.4% in the 2nd quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock worth $8,203,000 after purchasing an additional 172,937 shares in the last quarter. Todd Asset Management LLC boosted its holdings in British American Tobacco by 26.9% in the 1st 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 during the period. Finally, Atlas Capital Advisors Inc. grew its position in shares of 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 valued at $203,000 after purchasing an additional 4,825 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $54.80 on Thursday. 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 p.l.c. has a 12 month low of $34.82 and a 12 month high of $59.29. The business’s 50-day moving average price is $53.09 and its 200-day moving average price is $51.41.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BTI shares. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Five research 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, British American Tobacco presently has an average rating of “Hold” and an average target price of $51.00.

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.