Midwest Trust Co Takes $8.24 Million Position in British American Tobacco p.l.c. $BTI

Midwest Trust Co bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 174,033 shares of the company’s stock, valued at approximately $8,237,000.

A number of other institutional investors have also bought and sold shares of the company. FDx Advisors Inc. bought a new position in shares of British American Tobacco in the 2nd quarter worth about $219,000. Parkside Financial Bank & Trust grew its stake in British American Tobacco by 44.6% during the second quarter. Parkside Financial Bank & Trust now owns 1,978 shares of the company’s stock worth $94,000 after purchasing an additional 610 shares during the period. Prospera Financial Services Inc increased its holdings in British American Tobacco by 3.1% in the second quarter. Prospera Financial Services Inc now owns 14,843 shares of the company’s stock worth $703,000 after purchasing an additional 445 shares in the last quarter. AE Wealth Management LLC acquired a new position in British American Tobacco in the second quarter valued at approximately $517,000. Finally, Wedbush Securities Inc. bought a new position in shares of British American Tobacco during the 2nd quarter worth approximately $357,000. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Price Performance

Shares of NYSE BTI opened at $54.54 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $53.24 and a 200-day moving average price of $50.79. British American Tobacco p.l.c. has a 1 year low of $34.82 and a 1 year high of $59.29.

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.