Nicholas Wealth LLC. Has $1.17 Million Stock Position in British American Tobacco p.l.c. $BTI

Nicholas Wealth LLC. lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,778 shares of the company’s stock after purchasing an additional 1,137 shares during the quarter. Nicholas Wealth LLC.’s holdings in British American Tobacco were worth $1,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BTI. Orbis Allan Gray Ltd increased its holdings in British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after purchasing an additional 2,040,011 shares in the last quarter. GQG Partners LLC boosted its position in shares of British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after buying an additional 3,590,916 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in British American Tobacco by 93.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock worth $132,158,000 after buying an additional 1,345,175 shares in the last quarter. Newport Trust Company LLC raised its position in British American Tobacco by 1.1% in the 1st quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock valued at $114,779,000 after buying an additional 31,205 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in British American Tobacco by 1.5% during the 1st quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock valued at $102,347,000 after acquiring an additional 35,926 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent analyst reports. Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Finally, Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, September 8th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Up 0.3%

BTI opened at $54.88 on Wednesday. The company has a 50 day moving average of $53.12 and a 200 day moving average of $51.39. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 12 month low of $34.82 and a 12 month 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.