First Horizon Advisors Inc. Acquires 1,086 Shares of British American Tobacco p.l.c. $BTI

First Horizon Advisors Inc. increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 279.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,475 shares of the company’s stock after acquiring an additional 1,086 shares during the period. First Horizon Advisors Inc.’s holdings in British American Tobacco were worth $70,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. Pandora Wealth Inc. acquired a new position in shares of British American Tobacco during the 1st quarter worth about $32,000. State of Wyoming bought a new stake in British American Tobacco during the first quarter worth about $57,000. UMB Bank n.a. boosted its position in British American Tobacco by 36.4% during the second quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after purchasing an additional 366 shares during the last quarter. Trust Co. of Vermont bought a new position in British American Tobacco in the second quarter valued at approximately $73,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of British American Tobacco by 71.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 1,883 shares of the company’s stock worth $78,000 after purchasing an additional 784 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BTI. 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. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Monday, September 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $54.54 on Monday. The company’s 50-day moving average price is $53.24 and its two-hundred day moving average price is $50.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a twelve month low of $34.82 and a twelve month high of $59.29.

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.