British American Tobacco p.l.c. $BTI Shares Acquired by Private Trust Co. NA

Private Trust Co. NA increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 94.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,087 shares of the company’s stock after buying an additional 1,989 shares during the period. Private Trust Co. NA’s holdings in British American Tobacco were worth $193,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lockheed Martin Investment Management Co. boosted its holdings in shares of British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after buying an additional 30,600 shares during the period. Consolidated Portfolio Review Corp acquired a new stake in shares of British American Tobacco during the first quarter valued at approximately $375,000. Atria Wealth Solutions Inc. raised its holdings in shares of British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after acquiring an additional 5,745 shares during the period. Todd Asset Management LLC raised its holdings in shares of British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after acquiring an additional 157,251 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock valued at $9,650,000 after buying an additional 24,962 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 1.5%

Shares of NYSE:BTI opened at $50.38 on Wednesday. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The company’s 50-day moving average price is $54.57 and its two-hundred day moving average price is $49.65. 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 has a market cap of $103.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and an average target price of $51.00.

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.