AA Financial Advisors LLC Invests $345,000 in British American Tobacco p.l.c. $BTI

Key Points

• AA Financial Advisors LLC acquired 7,289 shares of British American Tobacco p.l.c. (NYSE:BTI) valued at approximately $345,000 in the second quarter.
• Multiple institutional investors have increased their positions in British American Tobacco, with 16.16% of the stock now owned by institutional investors and hedge funds.
• The company has a current stock price of $54.70 and a consensus rating of "Hold" from analysts, with an average target price of $51.00.

AA Financial Advisors LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,289 shares of the company's stock, valued at approximately $345,000.

A number of other institutional investors have also recently modified their holdings of the stock. Phillips Wealth Planners LLC grew its stake in shares of British American Tobacco by 63.2% in the second quarter. Phillips Wealth Planners LLC now owns 8,364 shares of the company's stock worth $401,000 after acquiring an additional 3,239 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of British American Tobacco during the second quarter valued at $29,568,000. HF Advisory Group LLC boosted its position in shares of British American Tobacco by 6.8% during the second quarter. HF Advisory Group LLC now owns 47,124 shares of the company's stock valued at $2,230,000 after buying an additional 2,993 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in shares of British American Tobacco by 6.5% during the second quarter. Contravisory Investment Management Inc. now owns 5,976 shares of the company's stock valued at $283,000 after buying an additional 363 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of British American Tobacco during the second quarter valued at $2,211,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 1.3%

BTI stock traded down $0.70 on Tuesday, hitting $53.17. 3,994,302 shares of the company's stock were exchanged, compared to its average volume of 5,553,335. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The firm has a 50 day moving average price of $55.47 and a two-hundred day moving average price of $48.13. 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 stock has a market cap of $109.39 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.40.

Analysts Set New Price Targets

A number of research firms have weighed in on BTI. Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price on the stock in a report on Monday, September 8th. Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco has a consensus rating of "Hold" and an average price target of $51.00.

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.