Wealth Science Advisors LLC Sells 32,049 Shares of British American Tobacco p.l.c. $BTI

Wealth Science Advisors LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 76.4% during the 3rd quarter, Holdings Channel reports. The firm owned 9,919 shares of the company’s stock after selling 32,049 shares during the period. Wealth Science Advisors LLC’s holdings in British American Tobacco were worth $540,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BTI. Empowered Funds LLC raised its position in British American Tobacco by 3.1% during the 1st quarter. Empowered Funds LLC now owns 6,184 shares of the company’s stock valued at $362,000 after purchasing an additional 186 shares during the last quarter. Renasant Bank grew its position in shares of British American Tobacco by 4.8% in the 1st quarter. Renasant Bank now owns 4,152 shares of the company’s stock worth $243,000 after buying an additional 192 shares during the last quarter. Applied Capital LLC FL increased its stake in shares of British American Tobacco by 0.8% during the third quarter. Applied Capital LLC FL now owns 23,598 shares of the company’s stock valued at $1,284,000 after buying an additional 192 shares during the period. Intrua Financial LLC raised its holdings in shares of British American Tobacco by 3.8% during the first quarter. Intrua Financial LLC now owns 5,306 shares of the company’s stock valued at $310,000 after acquiring an additional 196 shares in the last quarter. Finally, E Wealth Partners LLC lifted its stake in British American Tobacco by 3.3% in the first quarter. E Wealth Partners LLC now owns 6,271 shares of the company’s stock worth $367,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BTI. SBG Securities upgraded shares of British American Tobacco to a “buy” rating in a report on Friday, August 7th. Morningstar upgraded shares of British American Tobacco to a “buy” rating in a report on Thursday, September 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $68.10 target price on shares of British American Tobacco in a research note on Monday, September 7th. UBS Group reiterated a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.10.

British American Tobacco Stock Performance

NYSE:BTI opened at $55.50 on Friday. British American Tobacco p.l.c. has a 52 week low of $49.88 and a 52 week high of $67.30. The company’s 50 day moving average price is $56.00 and its 200-day moving average price is $58.90. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64.

British American Tobacco (NYSE:BTI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($1.10). The company had revenue of $8.10 billion during the quarter, compared to analyst estimates of $16.42 billion. As a group, sell-side analysts predict that British American Tobacco p.l.c. will post 4.81 earnings per share for the current year.

British American Tobacco Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.