5,436 Shares in British American Tobacco p.l.c. $BTI Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA acquired a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,436 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. Farther Finance Advisors LLC lifted its position in shares of British American Tobacco by 31.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,098 shares of the company's stock valued at $168,000 after acquiring an additional 971 shares during the period. GAMMA Investing LLC raised its stake in British American Tobacco by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 6,681 shares of the company's stock worth $276,000 after buying an additional 1,411 shares during the period. CX Institutional bought a new stake in shares of British American Tobacco during the first quarter valued at approximately $34,000. Fifth Third Bancorp increased its stake in British American Tobacco by 29.4% during the 1st quarter. Fifth Third Bancorp now owns 14,253 shares of the company's stock valued at $590,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in shares of British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after buying an additional 258 shares during the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 1.5%

British American Tobacco stock opened at $50.79 on Tuesday. The firm has a 50 day moving average price of $55.29 and a 200-day moving average price of $49.29. 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 twelve month low of $34.17 and a twelve month high of $59.29. The company has a market capitalization of $104.37 billion, a P/E ratio of 10.43, a P/E/G ratio of 3.57 and a beta of 0.42.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BTI. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. 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. Finally, Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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