Exencial Wealth Advisors LLC purchased a new stake in British American Tobacco PLC (NYSE:BTI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,881 shares of the company’s stock, valued at approximately $245,000.
A number of other institutional investors have also modified their holdings of BTI. WP Advisors LLC bought a new position in British American Tobacco during the 1st quarter worth about $26,000. Lenox Wealth Management Inc. increased its holdings in British American Tobacco by 153.3% during the 1st quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock worth $32,000 after purchasing an additional 469 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in shares of British American Tobacco by 141.7% in the 1st quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after acquiring an additional 506 shares in the last quarter. LifePlan Financial Group Inc grew its holdings in shares of British American Tobacco by 2,251.3% in the 1st quarter. LifePlan Financial Group Inc now owns 917 shares of the company’s stock valued at $38,000 after acquiring an additional 878 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. grew its holdings in shares of British American Tobacco by 149.9% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 1,052 shares of the company’s stock valued at $44,000 after acquiring an additional 631 shares in the last quarter. 6.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE BTI traded down $0.65 during trading on Friday, hitting $36.30. 1,633,516 shares of the company traded hands, compared to its average volume of 2,405,901. British American Tobacco PLC has a fifty-two week low of $30.67 and a fifty-two week high of $55.77. The firm has a market capitalization of $78.76 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.36 and a beta of 0.88. The company has a current ratio of 0.77, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66.
BTI has been the subject of several analyst reports. Citigroup upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Thursday, March 28th. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.00.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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