British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its stake in British American Tobacco by 28.8%, acquiring an additional 5,745 shares, bringing its total ownership to 25,726 shares valued at $1,074,000.
• Several institutional investors, including Capital International Investors and Bridgewater Associates LP, have also boosted their positions in British American Tobacco in recent months, reflecting significant interest among hedge funds.
• British American Tobacco's stock currently has a consensus rating of "Moderate Buy" from analysts, with a consensus price target of $33.00 despite varied ratings from different research firms.

Atria Wealth Solutions Inc. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 25,726 shares of the company's stock after acquiring an additional 5,745 shares during the period. Atria Wealth Solutions Inc.'s holdings in British American Tobacco were worth $1,074,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its position in shares of 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 buying an additional 305 shares during the last quarter. Rosenberg Matthew Hamilton grew 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 purchasing an additional 280 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco in the fourth quarter valued at about $26,000. Financial Management Professionals Inc. grew its holdings in shares of British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after purchasing an additional 480 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BTI. Bank of America began coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating for the company. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday. Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, British American Tobacco presently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

British American Tobacco Stock Down 0.5%

BTI traded down $0.28 during trading hours on Friday, hitting $57.14. 4,005,394 shares of the company's stock were exchanged, compared to its average volume of 5,269,625. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $58.46. The firm has a 50 day moving average of $51.36 and a 200 day moving average of $45.01. The firm has a market cap of $117.69 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 2.26 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were paid a dividend of $0.7391 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend was Friday, June 27th. British American Tobacco's dividend payout ratio is presently 60.57%.

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.