Ameritas Advisory Services LLC Purchases Shares of 5,321 British American Tobacco p.l.c. $BTI

Key Points

• Ameritas Advisory Services LLC acquired 5,321 shares of British American Tobacco p.l.c. (NYSE:BTI), valued at approximately $252,000.
• Institutional investors collectively own 16.16% of British American Tobacco's stock, with various firms increasing their stakes.
• Analysts have mixed views on BTI, with a consensus rating of Hold and a target price of $51.00 per share.

Ameritas Advisory Services LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,321 shares of the company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC increased its stake in British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after purchasing an additional 244 shares in the last quarter. Michels Family Financial LLC boosted its holdings in British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock worth $898,000 after acquiring an additional 249 shares during the last quarter. Applied Capital LLC FL boosted its holdings in British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after acquiring an additional 257 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after acquiring an additional 258 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock worth $266,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BTI shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of British American Tobacco in a report on Saturday, September 27th. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Finally, Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $51.00.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $52.03 on Wednesday. The company's 50-day moving average is $55.53 and its 200 day moving average is $48.94. 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 market capitalization of $107.05 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29.

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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