Intelligence Driven Advisers LLC Acquires New Holdings in British American Tobacco p.l.c. $BTI

Key Points

• Intelligence Driven Advisers LLC acquired 13,361 shares of British American Tobacco p.l.c. for approximately $632,000 in the second quarter.
• A number of analysts have mixed ratings on BTI, with Morgan Stanley reiterating an "underweight" rating and Argus upgrading it to a "buy" rating with a target price of $62.00.
• As of now, British American Tobacco has a market cap of $114.81 billion and a consensus rating of "Hold" from analysts.

Intelligence Driven Advisers LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,361 shares of the company's stock, valued at approximately $632,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. Rosenberg Matthew Hamilton boosted its holdings in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after acquiring an additional 305 shares during the period. Ameriflex Group Inc. acquired a new stake in British American Tobacco in the fourth quarter valued at $26,000. Financial Management Professionals Inc. increased its position in British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after purchasing an additional 278 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Trading Down 0.4%

Shares of NYSE:BTI traded down $0.22 during midday trading on Friday, reaching $54.70. The company had a trading volume of 5,494,046 shares, compared to its average volume of 4,077,694. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 3.76 and a beta of 0.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The company has a fifty day simple moving average of $55.42 and a two-hundred day simple moving average of $47.99.

Analyst Upgrades and Downgrades

Several analysts have commented on BTI shares. 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. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Morgan Stanley reiterated an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating for the company. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $51.00.

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.