Lockheed Martin Investment Management Co. Purchases 18,600 Shares of British American Tobacco p.l.c. $BTI

Lockheed Martin Investment Management Co. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 440,400 shares of the company’s stock after acquiring an additional 18,600 shares during the quarter. British American Tobacco comprises 0.8% of Lockheed Martin Investment Management Co.’s holdings, making the stock its 26th biggest holding. Lockheed Martin Investment Management Co.’s holdings in British American Tobacco were worth $24,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Northwestern Mutual Wealth Management Co. raised its position in shares of British American Tobacco by 2,111.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 623,793 shares of the company’s stock worth $35,319,000 after buying an additional 595,589 shares in the last quarter. Phoenix Financial Ltd. raised its position in shares of British American Tobacco by 8.6% in the fourth quarter. Phoenix Financial Ltd. now owns 45,600 shares of the company’s stock worth $2,581,000 after buying an additional 3,600 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of British American Tobacco in the fourth quarter worth $300,000. Allworth Financial LP raised its position in shares of British American Tobacco by 7.3% in the fourth quarter. Allworth Financial LP now owns 17,392 shares of the company’s stock worth $985,000 after buying an additional 1,188 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of British American Tobacco by 5.8% in the fourth quarter. Atria Investments Inc now owns 105,514 shares of the company’s stock worth $5,974,000 after buying an additional 5,779 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Down 2.3%

Shares of BTI stock opened at $65.15 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a 1-year low of $41.75 and a 1-year high of $67.30. The business has a 50-day moving average of $58.85 and a 200 day moving average of $57.99.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BTI shares. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.