Vanguard Personalized Indexing Management LLC Boosts Holdings in British American Tobacco p.l.c. $BTI

Vanguard Personalized Indexing Management LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,051 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in British American Tobacco were worth $3,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC boosted its holdings in British American Tobacco by 19.2% in the second quarter. Concurrent Investment Advisors LLC now owns 8,715 shares of the company’s stock valued at $413,000 after purchasing an additional 1,403 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in British American Tobacco by 41.9% in the second quarter. Lester Murray Antman dba SimplyRich now owns 11,027 shares of the company’s stock valued at $521,000 after purchasing an additional 3,255 shares during the last quarter. Brucke Financial Inc. boosted its holdings in British American Tobacco by 17.2% in the second quarter. Brucke Financial Inc. now owns 9,650 shares of the company’s stock valued at $457,000 after purchasing an additional 1,419 shares during the last quarter. PDS Planning Inc boosted its stake in shares of British American Tobacco by 14.9% during the 2nd quarter. PDS Planning Inc now owns 7,945 shares of the company’s stock worth $376,000 after acquiring an additional 1,029 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of British American Tobacco by 12.7% during the 2nd quarter. Blue Trust Inc. now owns 27,948 shares of the company’s stock worth $1,323,000 after acquiring an additional 3,148 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Morgan Stanley reissued an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Argus raised shares of 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. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Trading Up 0.6%

Shares of British American Tobacco stock opened at $51.14 on Wednesday. The firm has a market capitalization of $105.09 billion, a PE ratio of 10.50, a P/E/G ratio of 3.52 and a beta of 0.42. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The firm’s 50-day moving average price is $55.20 and its 200 day moving average price is $49.30. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

About British American Tobacco

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.