British American Tobacco p.l.c. $BTI Stock Holdings Lessened by Vise Technologies Inc.

Vise Technologies Inc. decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 42.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 78,015 shares of the company’s stock after selling 58,236 shares during the quarter. Vise Technologies Inc.’s holdings in British American Tobacco were worth $4,244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Intrua Financial LLC lifted its position in British American Tobacco by 20.3% during the third quarter. Intrua Financial LLC now owns 5,673 shares of the company’s stock worth $309,000 after acquiring an additional 958 shares during the last quarter. Aprio Wealth Management LLC grew its position in shares of British American Tobacco by 1.2% in the third quarter. Aprio Wealth Management LLC now owns 24,088 shares of the company’s stock valued at $1,310,000 after purchasing an additional 293 shares during the last quarter. State of Wyoming increased its stake in shares of British American Tobacco by 22.0% during the third quarter. State of Wyoming now owns 5,425 shares of the company’s stock worth $295,000 after purchasing an additional 980 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of British American Tobacco by 2.7% during the third quarter. Raleigh Capital Management Inc. now owns 41,762 shares of the company’s stock worth $2,272,000 after purchasing an additional 1,091 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in British American Tobacco by 167.4% during the 3rd quarter. International Assets Investment Management LLC now owns 11,131 shares of the company’s stock worth $606,000 after purchasing an additional 6,968 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group restated a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. SBG Securities upgraded British American Tobacco to a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. Finally, BTIG Research started coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They issued a “buy” rating for the company. Thirteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.10.

British American Tobacco Trading Down 1.7%

Shares of NYSE:BTI opened at $60.83 on Wednesday. The company’s 50 day moving average price is $56.69 and its two-hundred day moving average price is $59.17. British American Tobacco p.l.c. has a 12-month low of $52.06 and a 12-month high of $67.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84.

British American Tobacco Company Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.